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 athttps://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.