Hibachi,Inc.,purchased Wasabi Manufacturing Company,a Japanese company,on January 4,2014.On the date of purchase,the exchange rate for 1 Japanese yen was U.S.$0.0085.The balance sheet for Wasabi Manufacturing Co.,on the date of purchase is shown below:
Wasabi Manufacturing Co.
Balance Sheet
January 4,2014
(in Japanese yen)
Required:
Prepare a translated balance sheet as of January 4,2014.

Question

Hibachi,Inc.,purchased Wasabi Manufacturing Company,a Japanese company,on January 4,2014.On the date of purchase,the exchange rate for 1 Japanese yen was U.S.$0.0085.The balance sheet for Wasabi Manufacturing Co.,on the date of purchase is shown below:
Wasabi Manufacturing Co.
Balance Sheet
January 4,2014
(in Japanese yen)  
Required:
Prepare a translated balance sheet as of January 4,2014.

Quizplus · Accepted Answer

The Answer of Hibachi,Inc.,purchased Wasabi Manufacturing Company,a Japanese company,on January 4,2014.On the date of purchase,the exchange rate for 1 Japanese yen was U.S.$0.0085.The balance sheet for Wasabi Manufacturing Co.,on the date of purchase is shown below:
Wasabi Manufacturing Co.
Balance Sheet
January 4,2014
(in Japanese yen)  
Required:
Prepare a translated balance sheet as of January 4,2014.