multinational oper detailed, interest, average, capital, started

Walex

co A has Jap sub
started operations 1 jan 20x0

exch. yen per dollar
31 Dec 20x0 yen 100
1 jan 20x0 125
weighted average 111

b/s (000s)
cash 180
A/R 70
invent 50
FA 450

A/C payable 100
debt 390
capital 110
R/E 150

sales500
cos 200
dep 20
interest 30
tax 100


using temporal A will report
a, 650 loss on income statem
b. 650 loss on B/S
c.370 gain B/S

would they really expect us to go through the detailed calcuation to get the 650. it appaers too much time for 1 mark.

tarunajwani

where is this from?

b_sea93

from Stall lecture notes

ayaz_mahmud369

in this case you do not need to calculate

temporal on income statement. other two choices say Balance sheet, so ignore.

CP