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Pina · 2021年11月16日

inventory

NO.PZ2018111303000070

问题如下:

Scenery manufacturer is a CHINA-based company, Scenery has a subsidiary, XZZ, operates in US, XZZ was acquired in 2018 and has never paid a dividend. It records inventory using the FIFO method. RMB is expecting depreciation in the future.

Flexi, CFA, he gathers XZZ’s financial statements and the RMB/US dollar exchange rates in the following table:

If XZZ using the current rate method to translate financial statement into RMB, in 2018, Scenery’s consolidated financial statement will most likely include XZZ’s:

选项:

A.

RMB4,407 Inventory

B.

RMB1,877 Accounts payable

C.

RMB7,298 Net income

解释:

C is correct.

考点:current rate method

解析:如果使用current rate method, I/S上的项目全部用average rate 来转换,所以NI就可以直接用average rate来转换,即1,050*6.95=7,298。

A:在current rate method下,inventory用current rate转换,即650*7=4550

B:在current rate method下,A/P用current rate转换,即270*7=1890

老师好 什么时候inventory 要用weighted average 也就是这里的6.55 来做?谢谢

1 个答案

袁园_品职助教 · 2021年11月16日

嗨,从没放弃的小努力你好:


我们基础班讲义176页总结过一页PPT,题干会给明的。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!