Question

First part company formed a subsidiary in Germany and capitalized it with 900,000 Euros (€) when the exchange rate was €1 = $1.2. Since its inception the subsidiary has performed well. Below are the most recent financial information (in thousands) on the subsidiary. Other than the calculation for COGS, all debit balances are no parenthesis and all credit balances are with parenthesis in the chart below.Current Rate Method Temporal Method Subsidiary(€) -Translation rate Subsidiary ($) Translation rate -Subsidiary ($) Beginning Inventory 1,490

Answer 1

It seems that the financial information for the subsidiary is missing after "Beginning Inventory 1,490". Without the complete financial information, it is not possible to perform the required calculations for the Current Rate Method or Temporal Method. Can you please provide the complete financial information for the subsidiary?