Crab Beach Systems, a U.S. multinational producer of computer hardware, has subsidiaries located…

Crab Beach Systems, a U.S. multinational producer of computer hardware, has subsidiaries located throughout the world. The company recently received year-end financial statements from its Swiss subsidiary, Doghead Technology. Doghead was purchased by Crab Beach on January 1, 2014. Doghead’s financial statements are prepared and submitted to Crab Beach headquarters in Swiss francs. The accountant in charge of translating the financial statements has been unable to locate last year’s translated financial statements. Instead, the only data available from last year are the financial statements prepared in francs. Doghead’s adjusted trial balances as of December 31, 2014 and 2015, in Swiss francs, are as follows:

 

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