Q9. The Cost of Goods Sold for Grande, Inc., for the year ended December 31, 2001, expressed in U.S. dollars is: A) $4,950,000. B) $5,400,000. C) $5,250,000.
Q10. What is the translation gain or loss for Grande, Inc., for the year ended December 31, 2001? A) $200,000. B) -$600,000. C) $150,000.
Q11. 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 statement of shareholder’s equity.
Q12. Revenues for 2001 translated into U.S. dollars amount to: A) $6,600,000. B) $6,000,000. C) $7,800,000.
Q13. As a result of making the appropriate currency adjustments to the financial statements, Grande Inc.’s December 31, 2001 quick ratio will be: A) unchanged, and the current ratio will be higher. B) higher, and the current ratio will be higher. C) unchanged, and the current ratio will be unchanged.
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发表于 2009-1-17 15:28
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