Q70. Jameson now computes the adjustment to WB's financial data due to Kasamatsu's payment of dividends. What is the U.S.
dollar amount of this adjustment (in thousands)? A) $414. B) $400. C) $387.
Q71. The carrying value of Kasamatsu’s total assets on December 31, 2002, using the all-current method of accounting for translations is: A) $3,240. B) $3,573. C) $5,360.
Q72. The yen has depreciated against the dollar in the last year. If the exchange rate in 2001 was in effect during 2002, under the all-current method the reported cost of goods sold would have been: A) higher by $333. B) higher by $287. C) lower by $333.
Q73. Jameson has prepared a report assessing the impact of the currency translation on Kasamatsu’s financial ratios. The details of his report are as follows: § Quick ratio: higher § Total asset turnover: higher With respect to the direction of changes for the ratios, Jameson is: A) correct with respect to the quick ratio, but incorrect with respect to the total asset turnover ratio. B) incorrect with respect to the quick ratio, but correct with respect to the total asset turnover ratio. C) incorrect with respect to the quick ratio, and incorrect with respect to the total asset turnover ratio.
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发表于 2009-1-20 11:23
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