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FrozenT [24]
2 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]2 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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Over a long period of time Sears has slipped from being America's largest retailer to struggling for survival in recent years. W
Kaylis [27]

Answer:

I think Sears need to stop diversifying its product too much and focus on improving internal human resources.

Explanation:

The largest expense that Sears made occurred during their effort to add more female customers to shop at their place.

Sears was known for  its DieHard, Craftsman and Kenmore brands that attract mostly male customers to their stores. They started “The Softer Side of Sears”  which focused on adding more products for female customers.

But, in the process of doing so, Sears neglected their already successful male products department with a lot of employees who sacrifice a lot of their time and effort into making Sears as big as it is.

In order to restore to its former glory, Sears need to stop focusing on new market with a lot of strong competitors and focused on improving skill set of employees in their successful department. They can do this by investing in their education, increasing the budget for their research and development, etc.

4 0
3 years ago
45 on low of 6 a b c or d
MA_775_DIABLO [31]

Answer:

c

Explanation:

7 0
3 years ago
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Francine moved out of the property she was renting, and she left it in pristine condition. How long after she moves out does the
inessss [21]

One month; property manager will have to return her security deposit in one month after she moves out of the property.

More about security deposit:

Source of funds to pay tenant obligations owed to the landlord in the event of a breach of the rental or lease agreement. When a tenant fails to uphold their financial obligations under the terms of a rental or lease agreement, the landlord may be able to recover some of their financial losses from the security deposit.

If a tenant's creditworthiness affects the security deposit, the landlord must set clear and specific criteria for the various creditworthiness levels they consider when choosing tenants (such as credit scoring).

Additionally, each potential tenant who falls within each level of creditworthiness must pay the security deposit amount that has been established for that level.

Know more about security deposit here: brainly.com/question/1752098

#SPJ4

4 0
1 year ago
Fenton Manufacturing Company at June 30: Cash in bank account $ 6,455 Inventory of postage stamps $ 74 Money market fund balance
Dmitrij [34]

Answer:

$19,462

Explanation:

The computation of the cash and cash equivalent is shown below:

= Cash in bank account + Money market fund balance + petty cash balance + money orders

= $6,455 + $12,400 + $350 + $257

= $19,462

It includes only cash in bank account, balance in money market, petty cash balance and the money orders

All other information which is given is not relevant. Hence, ignored it

5 0
3 years ago
Some federal grants, such as categorical grants, ____________, while others, such as block grants, ____________.
Setler79 [48]
Search on google as this is not possible to answer in typing
6 0
3 years ago
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