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2018 Final Exam Solution

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joehe2625
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19 views2 pages

2018 Final Exam Solution

Uploaded by

joehe2625
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Local Currency

Income statement Peso


Sales revenue 4,000,000
Opening Stock 500,000
Purchases 800,000
Ending inventory -300,000
Cost of Goods Sold 1,000,000
Gross Profit 3,000,000
Depreciation -500,000
Other expenses -400,000
-/+ foreign exchange gain/loss (if applicable)
Net Profit 2,100,000
Retained Earnings 1/1/16 1,000,000
Dividends -100,000
Retained Earnings 31/12/12 3,000,000
STATEMENT OF FINANCIAL POSITION
Contributed Capital 5,000,000
Retained Earnings 3,000,000
Foreign Currency Translation Reserve (if applicable)
Accounts Payable 1,800,000
Total Liabilities and Equity 9,800,000
Plant Assets (net) 3,500,000
Inventory 300,000
Cash and accounts receivable 6,000,000
Total Assets 9,800,000

FC transaltion reserve
Beginning equity 6000000 0.1
Net profit 2,100,000
Dividends -100,000 0.12

8000000 0.2
FCTR
Presentation Currency
Exchange rate $NZ
0.16 640,000
0.1 50,000
0.16 128,000
0.14 (42,000)
136,000
504,000
0.16 (80,000)
0.16 (64,000)

360,000
0.1 100,000
0.12 (12,000)
448,000

0.1 500,000
448,000
652,000
0.2 360,000
1,960,000
0.2 700,000
0.2 60,000
0.2 1,200,000
1,960,000

600000
360000
-12000
948000
1600000
652000

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