How can I translate the following balance sheet using the current-noncurrent method and the monetary nonmonetary method when: re-evaluates from $0.15 = CNY1 to $0.1875 = CNY1 re-evaluates from $0.15 = CNY1 $0.1125 = CNY1 Shanghai Corporation Balance Sheet (000's CNY) Assets Liabilities Cash 5,000 Acc. Payable 21,000 Acc. Receivables 14,000 Long-Term Debt 27,000 Inventories (cost = 24,000) 22,000 Fixed Assets, net 39,000 Stockholder's equity 32,000 Total Assets 80,000 Total Liab & SE 80,000
How can I translate the following balance sheet using the current-noncurrent method and the monetary nonmonetary method when: re-evaluates from $0.15 = CNY1 to $0.1875 = CNY1 re-evaluates from $0.15 = CNY1 $0.1125 = CNY1 Shanghai Corporation Balance Sheet (000's CNY) Assets Liabilities Cash 5,000 Acc. Payable 21,000 Acc. Receivables 14,000 Long-Term Debt 27,000 Inventories (cost = 24,000) 22,000 Fixed Assets, net 39,000 Stockholder's equity 32,000 Total Assets 80,000 Total Liab & SE 80,000
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement
Section: Chapter Questions
Problem 11E
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How can I translate the following balance sheet using the current-noncurrent method and the monetary nonmonetary method when:
- re-evaluates from $0.15 = CNY1 to $0.1875 = CNY1
- re-evaluates from $0.15 = CNY1 $0.1125 = CNY1
Shanghai Corporation | ||||
Balance Sheet | ||||
(000's CNY) | ||||
Assets | Liabilities | |||
Cash | 5,000 | Acc. Payable | 21,000 | |
Acc. Receivables | 14,000 | Long-Term Debt | 27,000 | |
Inventories (cost = 24,000) | 22,000 | |||
Fixed Assets, net | 39,000 | 32,000 | ||
Total Assets | 80,000 | Total Liab & SE | 80,000 |
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