FORCUR-1 Web Site Solutions
0
Income Statement
Sales………………………………. € 600,000 149 ¥ 89,400,00
0
Retained Earnings Statement
Balance, Beginning of Year…. € 15,000See Part a. ¥
5,185,000
Computation of Translation Adjustment—2014
Exchange Japanese
Euros Rate Yen
Net Asset Position, January
1, 2014………………………… € 215,000 145 ¥
FORCUR-2 Web Site Solutions
c. The euro decreased in value relative to the Japanese yen during 2013.
Casatu Corporation’s investment in the net assets of McCann
d. The euro increased in value relative to the Japanese yen during 2014.
e. 2013
2014
a. All-Current Translation Method—2013
Canadian Exchange U.S.
Balance Sheet Dollars Rate Dollars
Assets:
Cash……………………………. C$ 77,555.80 US$
62,044
FORCUR-3 Web Site Solutions
Income Statement
Retained Earnings Statement
Computation of Foreign Exchange Adjustment for 2013
Canadian Exchange U.S.
Dollars Rate Dollars
Net Asset Position, January
b. Monetary-Nonmonetary Translation Method—2013
Canadian Exchange U.S.
Balance Sheet Dollars Rate Dollars
Assets:
Cash……………………………. C$ 77,555 .80 US$ 62,044
FORCUR-4 Web Site Solutions
Retained Earnings…………. 12 ,000See Below
Total Liabilities and
Income Statement
Retained Earnings Statement
RCUR 14. b. continued.
Computation of Foreign Exchange Loss for 2013
Canadian Exchange U.S.
Dollars Rate Dollars
c. All-Current Translation Method—2014
Canadian Exchange U.S.
FORCUR-5 Web Site Solutions
Balance Sheet Dollars Rate Dollars
Assets:
Income Statement
Retained Earnings Statement
Calculation of Foreign Exchange Adjustment for 2014
Canadian Exchange U.S.
Dollars Rate Dollars
Change in Foreign Exchange Adjustment for 2014
FORCUR-6 Web Site Solutions
d. Monetary-Nonmonetary Translation Method—2014
Canadian Exchange U.S.
Balance Sheet Dollars Rate Dollars
Assets:
Income Statement
Retained Earnings Statement
Computation of Foreign Exchange Gain for 2014
Canadian Exchange U.S.
Dollars Rate Dollars
Net Monetary Position, Jan-
FORCUR-7 Web Site Solutions
FORCUR-8 Web Site Solutions
0
Income Statement
Sales………………………………. € 600,000 149 ¥ 89,400,00
0
Retained Earnings Statement
Balance, Beginning of Year…. € 15,000See Part a. ¥
5,185,000
Computation of Translation Adjustment—2014
Exchange Japanese
Euros Rate Yen
Net Asset Position, January
1, 2014………………………… € 215,000 145 ¥
FORCUR-2 Web Site Solutions
c. The euro decreased in value relative to the Japanese yen during 2013.
Casatu Corporation’s investment in the net assets of McCann
d. The euro increased in value relative to the Japanese yen during 2014.
e. 2013
2014
a. All-Current Translation Method—2013
Canadian Exchange U.S.
Balance Sheet Dollars Rate Dollars
Assets:
Cash……………………………. C$ 77,555.80 US$
62,044
FORCUR-3 Web Site Solutions
Income Statement
Retained Earnings Statement
Computation of Foreign Exchange Adjustment for 2013
Canadian Exchange U.S.
Dollars Rate Dollars
Net Asset Position, January
b. Monetary-Nonmonetary Translation Method—2013
Canadian Exchange U.S.
Balance Sheet Dollars Rate Dollars
Assets:
Cash……………………………. C$ 77,555 .80 US$ 62,044
FORCUR-4 Web Site Solutions
Retained Earnings…………. 12 ,000See Below
Total Liabilities and
Income Statement
Retained Earnings Statement
RCUR 14. b. continued.
Computation of Foreign Exchange Loss for 2013
Canadian Exchange U.S.
Dollars Rate Dollars
c. All-Current Translation Method—2014
Canadian Exchange U.S.
FORCUR-5 Web Site Solutions
Balance Sheet Dollars Rate Dollars
Assets:
Income Statement
Retained Earnings Statement
Calculation of Foreign Exchange Adjustment for 2014
Canadian Exchange U.S.
Dollars Rate Dollars
Change in Foreign Exchange Adjustment for 2014
FORCUR-6 Web Site Solutions
d. Monetary-Nonmonetary Translation Method—2014
Canadian Exchange U.S.
Balance Sheet Dollars Rate Dollars
Assets:
Income Statement
Retained Earnings Statement
Computation of Foreign Exchange Gain for 2014
Canadian Exchange U.S.
Dollars Rate Dollars
Net Monetary Position, Jan-
FORCUR-7 Web Site Solutions
FORCUR-8 Web Site Solutions