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668 Chapter 12 Multivational Accounting, Issues in Financial Reporting and Translation of Foreign Entity Statements...

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668 Chapter 12 Multivational Accounting, Issues in Financial Reporting and Translation of Foreign Entity Statements LO 12-6, 127 E12-10 Remeasurement with Strengthening U.S. Dollar Refer to the data in Exercise E12.5, but now assume that the exchange rates were as follows: SFS 10.80 1 0.77 10.74 10.73 1 0.75 January 1 March 1 November 1 December 31 20X1 average Advanced Study Guide com The receivable from Popular Creek is denominated in Swiss franes. Its books show a $3,650 pusa able to RoadTime. Assume that the US dollar is the functional currency Required o Prepare a schedule remeasuring the December 31, 20X1. trial balance from Swiss francs 10 dollars h Compare the results of Exercise E12-7. in which the dollar weakens against the Swiss Franc during 20X), with the results in this exercise (E12-10), in which the dollar strengthened against the Swiss franc during 20X1

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