The trial balance of the Paris Branch of Cisalpine Company is presented below:
The exchange rate for the euro on December 31, 2006, was i1 = $1.08, and the average exchange rate for 2006 was i1 = $1.07.
Complete the remeasurement of the Paris Branch trial balance to U.S. dollars, the functional currency, on December 31, 2006.

Question

The trial balance of the Paris Branch of Cisalpine Company is presented below:
  The exchange rate for the euro on December 31, 2006, was i1 = $1.08, and the average exchange rate for 2006 was i1 = $1.07.
Complete the remeasurement of the Paris Branch trial balance to U.S. dollars, the functional currency, on December 31, 2006.

Quizplus · Accepted Answer

The Answer of The trial balance of the Paris Branch of Cisalpine Company is presented below:
  The exchange rate for the euro on December 31, 2006, was i1 = $1.08, and the average exchange rate for 2006 was i1 = $1.07.
Complete the remeasurement of the Paris Branch trial balance to U.S. dollars, the functional currency, on December 31, 2006.

The Trial Balance of the Paris Branch of Cisalpine Company