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