答案和详解如下： Q16. What is the translation gain or loss for Grande, Inc., for the year ended December 31, 2001? A) −$1,650,000. B) +$50,000. C) −$400,000. Correct answer is A) Exposure under the all-current method is simply equity, which means exposure = 85,000 The currency translation adjustment (CTA) is calculated as the sum of the flow effect and holding effect. Flow effect (in $) = change in exposure (in LC) × (ending rate − average rate) Holding gain/loss effect (in $) = beginning exposure (in LC) × (ending rate − beginning rate) Going back to our data in the example: Beginning exposure = 80,000,000 Ending exposure = 85,000,000 Change in exposure = 85,000,000 − 80,000,000 = 5,000,000 Flow effect (in $) = 5,000,000 × [$0.10 − $0.11] = 5,000,000 × (−$0.01) = −$50,000 Holding gain/loss effect (in $) = 80,000,000 × ($0.10 − $0.12) = 80,000,000 × (−$0.02) = $−1,600,000 Translation loss (in $) = flow effect + holding gain/loss effect = −$50,000 + (−$1,600,000) = −$1,650,000 Q17. The translation gain or loss from the activities of Grande, Inc., should be reported in: A) the statement of cash flows. B) the income statement. C) the equity accounts. Correct answer is C) Under the all-current method, translation gains or losses are accumulated on the balance sheet in the equity section. | 
发表于 2009-1-17 15:31
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