12 Jul EXPLAIN THE SIGN POSITIVE OR NEGATIVE) OF THE MALADJUSTMENT IN EACH OF THE THREE RECENT YEARS.
Please see attachment in response to your request Document Preview: Translation of Foreign Currency Financial Statements 43 assuming that the South African rand is the functional currency te the translation adjustment by considering the impact of ges on the subsidiary’s net assets. b.T te (remeasure) the South African subsidiary’s financ tements into dollars, assuming that the U,S. dollar is the functi currency. tp the hanslation adjustment (remeasurement gain Ioss) by conthe impact of exchange rate changes on the subsjfli ry’s net mon-76. Access the rlst.recent annual report for a U.S.-based inational company with which ybq are familiar to complete the require of this exercise. tions have a predominant b. If possible, determine the amount of surement gain or loss, reported in net income in each of the c. Determine the amount of”translation most recent years. justment, if any, reported in other comprehensive income in e?rch of t three most recent years. Explain the sign (positive or negative) of the most recent years. adjustment in each of the three d. Determine whether the com hedges net investments in foreign operations. If so, determine the s) of hedging insfrument(s) used. 17, To complete the req of this exercise, access the most recent Form 10-K for both Exxon Mobil Chevron. Required: a. Determine w ch company’s foreign operations have a predominant functional bilitv of financi . Discuss the implication this has for the comparatements between the two companies. b. Determine t of translation adjuJtment, rt any, reported in other income in each of the threEl:,{nost recent years. Explain the sign positive or negative) of the maladjustment in each of the three recent years. Compare the relative magnitude of the translation adjrS#inents between the two companies. c. fl{brmine whether each company hedges the nei’.i4.vesfment in foreign n fperations. If so, determine the type(s) of hedging insti,trment(s) used. fnt”puru a brief report comparing and contrasting theiforeign currency translation and foreign currency hedging… Attachments: columbia-corp….PDF
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