Business
Business, 06.12.2019 22:31, Vells2246

Perez company, a mexican subsidiary of a u. s. company, sold equipment costing 200,000 pesos with accumulated depreciation of 75,000 pesos for 140,000 pesos on march 1, 2013. the equipment was purchased on january 1, 2012. relevant exchange rates for the peso are as follows:
january 1, 2012 $.11march 1, 2013 $.106december 31, 2013 $.102average, 2013 $.1051. the financial statements for perez are translated by its u. s. parent. what amount of gain or loss would be reported in its translated income statement? 2. the financial statements for perez are remeasured by its u. s. parent. what amount of gain or loss would be reported in its income statement?

answer
Answers: 2

Similar questions

Do you know the correct answer?
Perez company, a mexican subsidiary of a u. s. company, sold equipment costing 200,000 pesos with ac...

Questions in other subjects:

Konu
Biology, 05.05.2020 22:59
Konu
History, 05.05.2020 22:59