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On January 2,20X8,Johnson Company acquired a 100% interest in the capital stock of Perth Company for $3,100,000.Any excess cost over book value is attributable to a patent with a 10-year remaining life.At the date of acquisition,Perth's balance sheet contained the following information:
Perth's income statement for 20X8 is as follows:
The balance sheet of Perth at December 31,20X8,is as follows:
Perth declared and paid a dividend of 20,000 FCU on October 1,20X8.Spot rates at various dates for 20X8 follow:
Assume Perth's revenues,purchases,operating expenses,depreciation expense,and income taxes were incurred evenly throughout 20X8.
-Refer to the above information.Assuming the local currency of the country in which Perth Company is located is the functional currency,what are the translated amounts for the items below in U.S.dollars?
Apples
A common fruit that comes in many varieties and is used in numerous culinary preparations, also often referenced as a basic economic good in examples.
Bananas
A type of edible fruit produced by various kinds of large herbaceous flowering plants in the genus Musa.
Utility Function
Represents a consumer's preference ranking for various bundles of goods, articulating the level of satisfaction received.
Indifference Curve
An indifference curve represents a graph showing different combinations of two goods that provide the consumer with the same level of satisfaction or utility.
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