FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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1.Create cash flow statement assuming the purchase of fixed assets for JPY 10,000 with an exchange rate of 100 at the
time of purchase and 80 at the time of payment, with the payment completed by the end of the period. 2.Create cash
flow statement assuming purchased fixed assets for JPY 10,000 with an exchange rate of 100 at the time of purchase,
and the exchange rate was 80 yen at the time of payment, if the payment is not made by the end of the period. Purpose
of the assignment: The purpose is to copare how different transactions should be accounted for before the payment is
made, and when the accounting period is reached after tPurpose: the payment is made (i.e., whether Forex is Un-
Realized or Realized). Please show actual cashflow statement.
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Transcribed Image Text:1.Create cash flow statement assuming the purchase of fixed assets for JPY 10,000 with an exchange rate of 100 at the time of purchase and 80 at the time of payment, with the payment completed by the end of the period. 2.Create cash flow statement assuming purchased fixed assets for JPY 10,000 with an exchange rate of 100 at the time of purchase, and the exchange rate was 80 yen at the time of payment, if the payment is not made by the end of the period. Purpose of the assignment: The purpose is to copare how different transactions should be accounted for before the payment is made, and when the accounting period is reached after tPurpose: the payment is made (i.e., whether Forex is Un- Realized or Realized). Please show actual cashflow statement.
Net (income) Loss
Cash
PP&E
AP
TTL:
3/31/2022 3/31/2023
(125)
100
ORG (YEN) RATE
10,000 $1=100 Yen
A in $
(125)
100
@3/1
100
NET LOSS
(25)
(25)
Operating
OP
FOREX ASSETS/LIAB ACQ
25
25
Investing
RATE
$1-80 Yen
(125)
(125)
@3/31
125
REALIZED
GAIN
25
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Transcribed Image Text:Net (income) Loss Cash PP&E AP TTL: 3/31/2022 3/31/2023 (125) 100 ORG (YEN) RATE 10,000 $1=100 Yen A in $ (125) 100 @3/1 100 NET LOSS (25) (25) Operating OP FOREX ASSETS/LIAB ACQ 25 25 Investing RATE $1-80 Yen (125) (125) @3/31 125 REALIZED GAIN 25
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