subject
Business, 24.03.2020 00:35 goreeefk5205

Quadros Inc., a Portuguese firm was acquired by a U. S. company on January 1, 2017. Selected account balances are available for the year ended December 31, 2018, and are stated in Euro, the local currency.
Euros
Sales 400,000
Inventory (bought on 2/1/18) 20,000
Equipment (bought on 1/1/17) 90,000
Dividends (paid on 9/1/18) 20,000
Accumulated depreciation, equipment (at 12/31/18) 45,000
Depreciation expense, equipment (for 2018) 9,000

Relevant exchange rates for 1 Euro are given below:
1/1/17 $.91
1/1/18 .93
2/1/18 .94
9/1/18 .97
12/31/18 1.01
4th quarter average, 2017 .90
4th quarter average, 2018 .98
Average, 2018 .95

Assume the functional currency is the U. S. Dollar; compute the U. S. balance sheet amount for accumulated depreciation for 2018.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 16:10, KpopSushi
Which one of the following is most apt to align management's priorities with shareholders' interests? compensating managers with shares of stock that must be held for a minimum of three years holding corporate and shareholder meetings at high-end resort-type locations preferred by managers increasing the number of paid holidays that long-term employees are entitled to receive allowing employees to retire early with full retirement benefits paying a special management bonus on every fifth year of employment
Answers: 1
image
Business, 22.06.2019 04:30, AM28
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
Answers: 1
image
Business, 22.06.2019 06:20, isaiahcannon6158
About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.
Answers: 1
image
Business, 22.06.2019 12:10, felisha1234
Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:
Answers: 1
You know the right answer?
Quadros Inc., a Portuguese firm was acquired by a U. S. company on January 1, 2017. Selected account...

Questions in other subjects:

Konu
Mathematics, 18.12.2020 01:00