Acc 407- Advanced Accounting

U.S. Multinationals Problems 11.3 (page 500) Zonal Corporation and Iberia CompanyPr. 113 a.Zonal Corporation ledger Entries 2005 Nov19 carry on Accounts receivable (£38,000 x $1.45)55100 everlasting(a) tax revenue55100 19 be of Goods Sold40000 Inventories40000 30Foreign money dealing Losses[(£38,000 x ($1.45 $1.44)]380 stack Accounts Receivable380 Dec19Cash (£38,000 x $1.43)54340 Foreign bills Transaction Losses [£38,000 x ($1.44 $1.43)]380 Trade Accounts Receivable54720 b. Iberia Company Journal Entries 2005 Jun30Notes Receivable (LCU7,500 000 x $0.014)105000 Sales105000 30Cost of Goods Sold75000 Inventories75000 Aug29Cash (LCU 7,650,000 x $0.

016)122400 Notes Receivable105000 exact Revenue ($105,000 x 0.12 x 60/360)2100 Foreign money Transaction Gains [LCU 7,650,000 x ($0.016 $0.014)]15300 12.7 (page 537) paradigm birdie CorporationPr. 127 a.Mapleleaf Company variant of Financial asseverations For Year barricade December 31, 2005 CanadianExchange dollarsratesU.S. dollars Income Statement fare revenue$C800000$0.79$632000 organic costs and expenses7000000.79553000 authorize income$C100000$79000 Statement of Retained Earnings Retained...If you motive to get a well(p) essay, order it on our website: Orderessay

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