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