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FrozenT [24]
3 years ago
15

Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar

is its functional currency. Thus, a remeasurement is necessary to produce financial information for external reporting purposes. The branch began the year with 500,000 euros in cash and no other assets or liabilities. However, the branch immediately used 300,000 euros to acquire a warehouse. On May 1, it purchased inventory costing 100,000 euros for cash that it sold on July 1 for 160,000 euros cash. The branch transferred 10,000 euros to the parent on October 1 and recorded depreciation on the warehouse of 10,000 euros for the year. Currency
exchange rates for 1 euro follow:
January 1 . . . . . . . . . . $1.14 = 1 euro
May 1 . . . . . . . . . . . . . 1.18 = 1
July 1 . . . . . . . . . . .. . . 1.20 = 1
October 1 . . . . . . . . . . 1.18 = 1
December 31 . . . . . . . 1.08 = 1
Average for the year. . 1.16 = 1
What is the remeasurement gain or loss to be recognized in the consolidated income statement? Choose the correct.
a. $100 gain.
b. $200 gain.
c. $100 loss.
d. $200 loss.
Business
1 answer:
KonstantinChe [14]3 years ago
5 0

Answer:

Explanation:

i'll answer it after 2 decades Please be there at same time like today

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The result of  Marlene hiring an attorney to obtain her return would only be successful if she did not voluntarily give up her right to ownership of the plates and can provide an evidence to that effect

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3 years ago
You are attending college in the fall and you need to purchase a computer. You must finance the purchase because your parents wi
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The correct answer is installment credit. The explanation is below.

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<h3>What is dividend?</h3>

Dividend can be defined as the money a company or an organization paid yearly to their shareholders and the money the company paid to their shareholders are  from the profit they make or generated.

Shareholders often invest their money in a business  or buy part of a company shares in which they in turn receive profit from the company they invested their money into.

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Learn more about dividend here:brainly.com/question/2960815

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