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LO 12-4, 12-5 E12-9 Translation with Strengthening U.S. Dollar Refer to the data in Exercise...

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LO 12-4, 12-5 E12-9 Translation with Strengthening U.S. Dollar Refer to the data in Exercise E12-5, but now assume that the exchange rates were as follows: SFr $ Advanced StudyGuide com January 1 March 1 November 1 December 31 20X1 average 1 0.80 0.77 10.74 10.73 10.75 The reccivable from Popular Creek Corporation is denominated in Swiss francs. Popular Creek's books show a $3.650 payable to Road Time Assume the Swiss franc is the functional currency. Required a. Prepare a schedule translating the December 31, 20X1. trial balance from Swiss franes to dollars b. Compare the results of Exercise E12-5, in which the dollar is weakening against the Swiss frano during 20X1, with the results in this exercise (E12-9), in which the dollar is strengthening against the Swiss franc during 20X1

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