How can I translate the following balance sheet using the current-noncurrent method and the monetary nonmonetary method when:  re-evaluates from $0.15 = CNY1 to $0.1875 = CNY1 re-evaluates from $0.15 = CNY1 $0.1125 = CNY1 Shanghai Corporation Balance Sheet (000's CNY) Assets     Liabilities   Cash     5,000   Acc. Payable   21,000 Acc. Receivables   14,000   Long-Term Debt   27,000 Inventories (cost = 24,000)   22,000       Fixed Assets, net   39,000   Stockholder's equity   32,000 Total Assets   80,000   Total Liab & SE   80,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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How can I translate the following balance sheet using the current-noncurrent method and the monetary nonmonetary method when: 

  • re-evaluates from $0.15 = CNY1 to $0.1875 = CNY1
  • re-evaluates from $0.15 = CNY1 $0.1125 = CNY1
Shanghai Corporation
Balance Sheet
(000's CNY)
Assets     Liabilities  
Cash     5,000   Acc. Payable   21,000
Acc. Receivables   14,000   Long-Term Debt   27,000
Inventories (cost = 24,000)   22,000      
Fixed Assets, net   39,000   Stockholder's equity   32,000
Total Assets   80,000   Total Liab & SE   80,000

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