[oxanasimonova]

Dear Sir,
There’s also a question on this Example 5 about the exchange diff on translation of a foreign Sub.

In the answers in the Notes the change is $1265 (477 OpNA+31 Profit+757GW).
477+31=508. However, as you confirm it’s been 3 yrs instead of 2 yrs, then the amount of 508 is wrong?

Please, look at my calculation:
Opening NA: 39750 – 25200 + 2800 – 1100 = 16250/3,9 = $4166
Profit: 2300 – 1200 = 1100/3.6 = $305
Closing NA: 39750 – 25200 + 2800 = 17350/3,4= $5103
The diff is 632 (instead of 508 from the answers).

Is it correct, Sir?

Thank you very much in advance!
Looking forward to you answer!

[Author]

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