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(The question begins from the bottom of the image provided, from "Translate the Czech koruna...

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Accounting

(The question begins from the bottom of the image provided, from "Translate the Czech koruna financial..." then "Additional information..." and so on)
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Required: Translate the Czech koruna financial statements on December 31,2024, in the following three situations
a. The Czech koruna is the functional currency. The December 31,2023, U.S. dollar-translated balance sheet reported retained
earnings of $22,500. The December 31,2023, cumulative translation adjustment was negative $202,500(debit balance). b. The U.S. dollar is the functional currency. The December 31,2023, U.S. dollar-remeasured balance sheet reported retained
c. The U.S. dollar is the functional currency Rakona has of $353,000.
additional paid-in capital of Ks 50,000,000. The December 31,2023, U.S. dollar-remeasured balance sheet reported a negative balance in retained earnings of $147,000(including a 2023 remeasurement loss).
Dieckmann Company, a U.S.-based company, acquired a 100 percent interest in Rakona A.S. in the Czech Republic on January 1,2023, when the
when the exc later, follow:
Balance Sheet December 31,2024
image

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