﻿ The following accounts are denominated in pesos as of december 31, 2015. for reporting purposes, these amounts need
, 22.06.2019 02:40, ItzJuztWillie

# The following accounts are denominated in pesos as of december 31, 2015. for reporting purposes, these amounts need to be stated in u. s. dollars. for each balance, indicate the exchange rate that would be used if a translation is made under the current rate method. then, again for each account, provide the exchange rate that would be necessary if a remeasurement is being made using the temporal method. the company was started in 2000. the buildings were acquired in 2002 and the patents in 2003. (round your answers to 2 decimal places.) exchange rates for 1 peso are as follows: 2000 1 peso = \$ 0.28 2002 1 = 0.26 2003 1 = 0.25 january 1, 2015 1 = 0.24 april 1, 2015 1 = 0.23 july 1, 2015 1 = 0.22 october 1, 2015 1 = 0.20 december 31, 2015 1 = 0.16 average for 2015 1 = 0.19

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Voltac corporation (a u. s. company located in charlotte, north carolina) has the following import/export transactions denominated in mexican pesos in 2017: march 1 bought inventory costing 100,000 pesos on credit. may 1 sold 60 percent of the inventory for 80,000 pesos on credit. august 1 collected 70,000 pesos from customers. september 1 paid 60,000 pesos to suppliers. currency exchange rates for 1 peso for 2017 are as follows: march 1 \$0.10may 1 0.12august 1 0.13september 1 0.14december 31 0.15for each of the following accounts, how much will voltac report on its 2017 financial statements? a. inventory. b.cost of goods sold. c.sales. d.accounts receivable. e.accounts payable. f.cash.