A brazilian manufacturer of paper pulp
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A brazilian manufacturer of paper pulp
The following information is based on the balance sheet of Aracel, a Brazilian manufacturer of paper pulp, for Year 6. Aracel applies U.S. GAAP and reports its results in thousands of U.S. dollars. (Adapted from the financial statements of Aracruz Celulose.)
a. Prepare a balance sheet for Aracel for Year 6 assuming the firm follows U.S. GAAP.
For Fiscal Year 6 (amounts in thousands of US$)
Liabilities and Shareholders’ Equity
Total Noncurrent Liabilities
Total Shareholders’ Equity
Total Liabilities and Shareholders’ Equity
b. Prepare a balance sheet for Aracel for Year 6 assuming the firm follows IFRS.
For Fiscal Year 6 (amounts in thousands of US$)
Liabilities and Shareholders’ Equity
Total Shareholders’ Equity
Total Noncurrent Liabilities
Total Liabilities and Shareholders’ Equity
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