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Remeasurement | Translation

options is the same for all CELLS:

Use the information in the exhibits to determine the appropriate exchange rates to be used by USA Inc. to convert Overseas Inc, financial statements under the remeasurement and translation methods. In the Remeasurement and Translation columns, enter the appropriate amounts in the associated cells. Enter all values as positive numbers. Exchange Rates During Year 1 Date January 1, Year 1 March 31, Year 1 June 30, Year 1 September 30, Year 1 December 31, Year 1 Weighted Average Rate per LCU (Local Currency Unit) $1.25 $1.22 $1.30 $1.37 $1.40 $1.35 Jason, In reference to the original Overseas Inc. memo issued by Kendall, I wanted to make sure that you were aware of a few transactions that took place on the date of the memo. We issued 500,000 shares of common stock as part of the organization of Overseas Inc., with a par value of $3 per share. We also purchased $850,000 of inventory and $3.2 million of fixed assets as of the same date. Please make sure that we account for these transactions correctly in our year-end finacial statements. Best, 2 Balance Sheet Accounts: iii iii 3 Accounts receivable 4 Inventory 5 Fixed assets (net) 6 Long-term debt 7 Common stock 8 Income Statement Accounts: !!! 9 Sales 10 Cost of goods sold $1.35/LCU 9 11 SG&A expenses iii III 12 Depreciation Select an option below O $1.25/LCU O $1.35/LCU O $1.40/LCU

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