Use the following rates for your company currency translation assignment:
Balance sheet:
Current Assets > year-end rate
Property Plant and Equipment > year-end from 10 years ago
Current Liabilities > year-end rate
Long-Term Liabilities > use year-end rate from 10 years ago
Equity > use year-end rate from 10 years ago
Retained Earnings > average of year-end rates for 5 years
Translation Adjustment Line = difference between total assets – total liabilities- equity-retained earnings
Income Statement:
Income > 12-month average
Expenses > 12-month average
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