On July 15,2014,American Manufacturing Inc. ,a Los Angeles based conglomerate,purchased,Hunan Inc. ,a Korean-based company.Hunan Inc.'s balance sheet on the date of purchase is as follows:
The exchange rate for Korean won on July 15,2014,is $.008.
Prepare a translated balance sheet as of July 15,2014.

Question

On July 15,2014,American Manufacturing Inc. ,a Los Angeles based conglomerate,purchased,Hunan Inc. ,a Korean-based company.Hunan Inc.'s balance sheet on the date of purchase is as follows:
  The exchange rate for Korean won on July 15,2014,is $.008.
Prepare a translated balance sheet as of July 15,2014.

Quizplus · Accepted Answer

The Answer of On July 15,2014,American Manufacturing Inc. ,a Los Angeles based conglomerate,purchased,Hunan Inc. ,a Korean-based company.Hunan Inc.'s balance sheet on the date of purchase is as follows:
  The exchange rate for Korean won on July 15,2014,is $.008.
Prepare a translated balance sheet as of July 15,2014.