Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 5 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Business & Finance Posted 10 May 2017 My Price 7.00

Perez Company a Mexican subsidiary of a U.S. company,

 

Perez Company, a Mexican subsidiary of a U.S. company, sold equipment costing 200,000 pesos with accumulated depreciation of 75,000 pesos for 140,000 pesos on March 1, 2011. The equipment was purchased on January 1, 2010. Relevent exchange rates for the peso are as follows:

January 1, 2010 $.11

March 1, 2011 .106

December 31, 2011 .102

Average, 2011 .105

1. The financial statements for Perez are translated by its U.S. parent. What amount of gain or loss would be reported in its translated income statement?

2. The financial statements for Perez are remeasured by its U.S. parent. What amount of gain or loss would be reported in its income statement?

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 10 May 2017 02:05 PM My Price 7.00

-----------

Attachments

file 1494427171-425495_1_636299057640351780_425495.xlsx preview (202 words )
Pe-----------rez----------- Co-----------mpa-----------ny,----------- a -----------Mex-----------ica-----------n s-----------ubs-----------idi-----------ary----------- of----------- a -----------U.S-----------. c-----------omp-----------any-----------, s-----------old----------- eq-----------uip-----------men-----------t c-----------ost-----------ing----------- 20-----------0,0-----------00 -----------pes-----------os -----------wit-----------h a-----------ccu-----------mul-----------ate-----------d d-----------epr-----------eci-----------ati-----------on -----------of -----------75,-----------000----------- pe-----------sos----------- fo-----------r 1-----------40,-----------000----------- p-----------eso-----------s o-----------n M-----------arc-----------h 1-----------, 2-----------011-----------. T-----------he -----------equ-----------ipm-----------ent----------- wa-----------s p-----------urc-----------has-----------ed -----------on -----------Jan-----------uar-----------y 1-----------, 2-----------010-----------. R-----------ele-----------ven-----------t e-----------xch-----------ang-----------e r-----------ate-----------s f-----------or -----------the----------- pe-----------so -----------are----------- as----------- fo-----------llo-----------ws:-----------Jan-----------uar-----------y 1-----------, 2-----------010----------- $.-----------11M-----------arc-----------h 1-----------, 2-----------011----------- .1-----------06D-----------ece-----------mbe-----------r 3-----------1, -----------201-----------1 .-----------102-----------Ave-----------rag-----------e, -----------201-----------1 .-----------105-----------1. -----------The----------- fi-----------nan-----------cia-----------l s-----------tat-----------eme-----------nts----------- fo-----------r P-----------ere-----------z a-----------re -----------tra-----------nsl-----------ate-----------d b-----------y i-----------ts -----------U.S-----------. p-----------are-----------nt.----------- Wh-----------at
Not Rated(0)