my subject is advanced accountingi need to create 2 different financial statement of your own figuresmake the number differenti wont to send me the solution in word documentAvoid plagiarismanswered must be typed using Times New Roman (size 12, double-spaced) fonti will give you the PowerPoint for the chapterthis is the questionOn Jan, 1 2014, Peter Corp. (a U.S. based company) formed a new subsidiary in Saudi Arabia, Saeed Inc., with an initial investment of 30,000 SAR. Assume Saeed Inc. Purchases inventory evenly throughout 2014.The ending inventory is purchased Nov. 30, 2014.Uses straight-line depreciation on fixed assets.Declares and pays dividends on Nov. 30, 2014.Purchased the fixed assets on April 1, 2014.Uses SAR as the functional currency.Exchange Rates are given:Jan 1, 2014 0.260April 1, 2014 0.255Nov. 30, 2014 0.240Dec. 31, 2014 0.238REQUIRED Prepare a schedule to Saeed’s financial statements on Dec. 31, 2014 to U.S. dollars.
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