答案和详解如下： Q42. Jameson would like to look at some of Kasamatsu's figures in U.S. dollars. What would be the appropriate exchange rate (yen/$) to use in translating Kasamatsu's liabilities into U.S. dollars?
A) 140. B) 100. C) 150. Correct answer is C) Under the current method, assets and liabilities are translated at the exchange rate prevailing on the balance sheet date. Q43. Jameson would like to look at some of Kasamatsu's figures in U.S. dollars. What would be the appropriate exchange rate (yen/$) to use in translating Kasamatsu's capital stock into U.S. dollars?
A) 130. B) 100. C) 150. Correct answer is B) Because WB issued stock and acquired Kasamatsu and their capital stock, they must carry that capital stock on their balance sheet at historical cost, which will be the basis for calculating depreciation expense. Therefore, even though this is a balance sheet item, the exchange rate that prevailed on the date of the acquisition of the capital stock must be used to translate into the reporting currency. Using the exchange rate that was effective on the balance sheet date would be improper, as this would cause the "historical" cost of the capital stock to fluctuate. | 
发表于 2009-1-17 16:09
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