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ACC 545 Week 2 Team Balance Sheet Footnote Preparation
Discussion
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ACC 545 Week 3 ABC Company Retained Earning and Owners
Equity Statement
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Resource: ABC Financial Data Excel® spreadsheet, ABC
Supplemental Data, and the values from the Week 2 Individual
Assignment
Prepare a statement of Retained Earnings and Comprehensive
Income using the values from Week 2.
Apply error corrections to the retained earnings statement.
Calculate foreign currency translation using the X-Rates Historic
Lookup site at http://www.x-rates.com.
Apply hedging or derivative transaction into statement.
Prepare a Statement of Owner's Equity, referring to the balance
sheet results as well as the statements prepared for the Week 2
Individual Assignment.
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