my subject is advanced accounting
i need to create 2 different financial statement of your own figures
make the number different
i wont to send me the solution in word document
Avoid plagiarism
answered must be typed using Times New Roman (size 12, double-spaced) font
i will give you the PowerPoint for the chapter
this is the question
- On Jan, 1 2014, Peter Corp. (a U.S. based company) formed a new subsidiary in Saudi Arabia, Saeed Inc., with an initial investment of 30,000 SAR.
Assume Saeed Inc. Purchases inventory evenly throughout 2014.
The ending inventory is purchased Nov. 30, 2014.
Uses straight-line depreciation on fixed assets.
Declares and pays dividends on Nov. 30, 2014.
Purchased the fixed assets on April 1, 2014.
Uses SAR as the functional currency.
Exchange Rates are given:
Jan 1, 2014 0.260
April 1, 2014 0.255
Nov. 30, 2014 0.240
Dec. 31, 2014 0.238
REQUIRED
Prepare a schedule to Saeed’s financial statements on Dec. 31, 2014 to U.S. dollars.
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