The question begins from the bottom of the image provided, from "Translate the Czech koruna financial..." then "Additional information..." and so on
Additional Information
Required
Required: Translate the Czech koruna financial statements on December in the following three situations
a The Czech koruna is the functional currency. The December US dollartranslated balance sheet reported retained
earnings of $ The December cumulative translation adjustment was negative $debit balance b The US dollar is the functional currency. The December US dollarremeasured balance sheet reported retained
c The US dollar is the functional currency Rakona has of $
additional paidin capital of Ks The December US dollarremeasured balance sheet reported a negative balance in retained earnings of $including a remeasurement loss
Dieckmann Company, a USbased company, acquired a percent interest in Rakona AS in the Czech Republic on January when the
when the exc later, follow:
Balance Sheet December
