InstructionsCrossover SAS Acquisition

On April 29, 2014, Crossover acquired the assets and liabilities of a French business. The acquired business was immediately incorporated in a new company called Crossover SAS. The local team has submitted a trial balance in EUR for the period April 30 to June 30, 2014. You have been asked to prepare USD balance sheets of Crossover SAS at April 30 and June 30, 2014.

Guide to Workbook SheetsCrossover SAS BS worksheet - trial balance for April 30 to June 30, 2014 (EUR)Crossover SAS BS - this sheet will populate automatically when you complete the worksheet.HackerRank Answers - this sheet will populate automatically and be used to reference your answers to enter into HackerRank

Other Relevant InformationCrossover SAS purchase price in EUR12,251,005EUR/USD spot exchange rate on purchase date1.38367EUR/USD rate on April 30, 20141.3832EUR/USD rate on June 30, 20141.3645EUR/USD average rate May 20141.3742EUR/USD average rate June 20141.3598

RequirementPrepare USD balance sheets of Crossover SAS at April 30 and June 30, 2014. All your workings should be completed in Crossover SAS BS Worksheet. You do not need to edit Crossover SAS BS, the balance sheets will populate automatically.

Crossover SAS BS WorksheetCOMPTELIB_CPTEApril 30, 2014May-14Jun-14Total gnralIntacct GLIntacct DescriptionBalance Sheet CategoryExchange RateApril 30, 2014 Balance in USDBalance Sheet CategoryExchange RateJune 30, 2014 Balance in USD101300CAPITAL SOUSCRIT - APPELE, VER-8,167,670 -8,167,670 41100Common StockCommon Stock0.0Common Stock0.0104300PRIMES D APPORT-4,083,335 -4,083,335 41200Share PremiumCommon Stock0.0Common Stock0.0151100PROV.RC COMMERCIAL-311,667 -311,667 31280PROVISION FOR COMMERCIAL RISKAccrued Payable0.0Accrued Payable0.0151600PROV.RC PERTES A TERMINAISON-171,127 -4,302 4,757-170,671 31285PROVISION FOR LOSSES ON COMPLETIONAccrued Payable0.0Accrued Payable0.0153000PROVIS PENSIONS OBLIG SIMIL-1,003,395 -1,003,395 33550Accrued Pension/401KAccrued Tax0.0Accrued Tax0.0203000RECHERCHE DEVELOPT GENERIX390,506390,50623640RESEARCH & DEVELOPMENTIntangible Assets0.0Intangible Assets0.0207000FONDS COMMERCIAL13,170,60813,170,60823700GoodwillGoodwill0.0Goodwill0.0218100INSTALL, AGENCTS, AMENAGTS14,08914,08923250Office EquipmentFixed Assets0.0Fixed Assets0.0218150INSTAL GN AGENC AMN DIV8,7138,71323200Computer EquipmentFixed Assets0.0Fixed Assets0.0218400MOBILIER DE BUREAU17,27617,27623100Furniture & FixtureFixed Assets0.0Fixed Assets0.0280300AMORT.FRAIS RECHERCHE ET DEVEL-21,496 -21,496 -42,991 24600Accum Amort - Intangable AssetAmortization of Intangible Assets0.0Amortization of Intangible Assets0.0281810AMORT.INSTALL.AGCTS.AMENAGTS.-1,419 -1,419 -2,837 24250Accum Deprec - Office EquipmentAccumulated Depreciation0.0Accumulated Depreciation0.0281815AMORT INSTAL AGENC AMNAG-112 -112 -224 24200Accum Deprec - ComputersAccumulated Depreciation0.0Accumulated Depreciation0.0281840AMORT.MOBILIER BUREAUX-330 -330 -660 24100Accum Deprec - Furniture & FixturesAccumulated Depreciation0.0Accumulated Depreciation0.0401100FOURNISSEURS-80,921 -80,921 31200Accrued PayableAccrued Payable0.0Accrued Payable0.0408100FOURNISSEURS - FACT.NON PARVEN-605,563 -198,577 -276,151 -1,080,291 31200Accrued PayableAccrued Payable0.0Accrued Payable0.0411100CLIENTS2,313,671224,607-978,259 1,560,02014100Accounts receivable-TradeAccounts Receivable - 3rd Party0.0Accounts Receivable - 3rd Party0.0416100CLIENTS DOUTEUX21,15521,15514500Acccounts Receivable - OthersAccounts Receivable - 3rd Party0.0Accounts Receivable - 3rd Party0.0416150CLIENTS DOUTEUX CENTRALISATEUR159,157159,15714500Acccounts Receivable - OthersAccounts Receivable - 3rd Party0.0Accounts Receivable - 3rd Party0.0416550CLIENTS LITIGIEUX CENTRALIS.167,732167,73214500Acccounts Receivable - OthersAccounts Receivable - 3rd Party0.0Accounts Receivable - 3rd Party0.0418100FAE HORS GROUPE LICENCES7,919-7,919 014600Unbilled RevenuePrepaid and Other Expenses0.0Prepaid and Other Expenses0.0418101FAE HORS GROUPE MAINTENANCE63,15027,152-81,144 9,15814600Unbilled RevenuePrepaid and Other Expenses0.0Prepaid and Other Expenses0.0418103FAE HORS GROUPE PRESTATIONS199,975-8,430 41,509233,05414600Unbilled RevenuePrepaid and Other Expenses0.0Prepaid and Other Expenses0.0419801AAE HORS GROUPE MAINTENANCE-10,946 -6,167 2,119-14,994 14600Unbilled RevenuePrepaid and Other Expenses0.0Prepaid and Other Expenses0.0421100REMUNERATIONS DUES00033100Accrued PayrollAccrued Payable0.0Accrued Payable0.0421700ABONDEMENT23923922900Other current AssetsPrepaid and Other Expenses0.0Prepaid and Other Expenses0.0422100COMITE D'ENTREPRISE-4,111 -4,945 -9,056 31200Accrued PayableAccrued Payable0.0Accrued Payable0.0425000PERSONNEL-13,024 -26,441 7,595-31,870 33100Accrued PayrollAccrued Payable0.0Accrued Payable0.0425200AVANCES PERMANENTES SUR NDF1,5001,50021250Employee AdvancesPrepaid and Other Expenses0.0Prepaid and Other Expenses0.0427100PERSONNEL OPPOSITION00033200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0427150PERSON RETENUE LA SOURCE0-173 -173 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0428200DETTES PROV.CONGES A PAYER-791,159 52,486-147,457 -886,130 33101Accrued VacationsAccrued Payable0.0Accrued Payable0.0428615PROV. PRIME & COMM'-224,018 17,98238,026-168,009 33100Accrued PayrollAccrued Payable0.0Accrued Payable0.0431001URSSAF ROUBAIX1-253,791 -253,790 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0437312RETRAITE NOVALIS-28,334 -30,586 -58,921 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0437327PREVOYANCE-5,914 -6,847 -12,761 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0437329MUTUELLE INFLUE-13,294 -13,294 -26,588 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0437330RETRAITE SUPPLM GENERALI-61,839 -83,171 -145,010 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0437401ASSEDIC ROUBAIX0-33,940 -33,940 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0437500MEDECINE DU TRAVAIL-1,201 -1,205 -2,406 31200Accrued PayableAccrued Payable0.0Accrued Payable0.0437600TICKETS RESTAURANT-16,866 16,866031200Accrued PayableAccrued Payable0.0Accrued Payable0.0438200CHARGES SOCIALES S/CP-371,845 -61,033 51,157-381,722 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0438615CH SOC PROVIS PRIM & COMM-105,288 8,56817,756-78,964 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0438750INDEMN JOURNAL RECEVOIR1,8443,3105,15431200Accrued PayableAccrued Payable0.0Accrued Payable0.0444100CREDIT IMPOT RECHERCHE747,643747,64321600Tax Rec Long TermAccrued Tax0.0Accrued Tax0.0445664TVA DEDUCTIBLE NDF1,5016172,11835500VAT PayableAccrued Tax0.0Accrued Tax0.0445666TVA DEDUCTIBLE 20%414,45314,45735500VAT PayableAccrued Tax0.0Accrued Tax0.0445709TVA COLLECTEE A 8,5%-2,089 -524 -2,613 35500VAT PayableAccrued Tax0.0Accrued Tax0.0445719TVA COLLECTEE 19,6%-297,643 -297,643 35500VAT PayableAccrued Tax0.0Accrued Tax0.0445720TVA COLLECTEE A 20,6%-21,155 -21,155 35500VAT PayableAccrued Tax0.0Accrued Tax0.0445722TVA COLLECTEE 20%-332,587 -37,072 -83,341 -452,999 35500VAT PayableAccrued Tax0.0Accrued Tax0.0445860TVA S/FACT.NON PARVENUES83,67930,762-30,688 83,75335500VAT PayableAccrued Tax0.0Accrued Tax0.0445870TVA S/FACT.A ETABLIR-45,174 -3,120 7,926-40,368 35500VAT PayableAccrued Tax0.0Accrued Tax0.0445871TVA/AVOIRS A ETABLIR1,8211,028-353 2,49635500VAT PayableAccrued Tax0.0Accrued Tax0.0448200CHARGES FISCALES S/CP-14,478 316-700 -14,863 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0448615ETAT C P PROV PRIM&COMM-4,100 329696-3,075 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0448633FORMATION PROFES-CONTINUE-8,222 -9,890 -18,113 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0448634EFFORT CONSTRUCTION-2,313 -2,782 -5,094 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0448635TAXE APPRENTISSAGE-3,494 -4,203 -7,698 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0448636TAXE HANDICAPES-12,000 -12,000 33200Accrued Payroll TaxesAccrued Tax0.0Accrued Tax0.0448650ETAT CH PAYER PROV AUTRES-3,504 -3,504 31250Accrued OtherAccrued Payable0.0Accrued Payable0.0467000FACTOBAIL-CESSION DE CRANCES114,479114,47931100Accounts payableAccounts Payable - Trade0.0Accounts Payable - Trade0.0467100DEBITEURS DIVERS1,367,6721,367,67214500Acccounts Receivable - OthersAccounts Receivable - 3rd Party0.0Accounts Receivable - 3rd Party0.0486000CHARGES CONSTATEES D'AVANCE247,899247,89921100Prepaid ExpensePrepaid and Other Expenses0.0Prepaid and Other Expenses0.0487100PPDTS CONSTATES AVANCE LICENCS-30,500 0-30,500 36500Deferred Revenue - ConsultingDeferred Revenue0.0Deferred Revenue0.0487101PCA HORS GROUPE MAINTENANCE-3,831,928 509,316495,242-2,827,370 36005Deferred Revenue - MaintenanceDeferred Revenue0.0Deferred Revenue0.0487103PCA HORS GROUPE PRESTATIONS-493,521 92,379-55,597 -456,739 36500Deferred Revenue - ConsultingDeferred Revenue0.0Deferred Revenue0.0487602PCA GROUPE MAINTENANCE-9,265 1,324-7,941 36005Deferred Revenue - MaintenanceDeferred Revenue0.0Deferred Revenue0.0511200CHEQUES A ENCAISSER12,57612,57611106-0ACHUndeposited ACHCash & Cash Equivalents0.0Cash & Cash Equivalents0.0512140NATIXIS3,201,000-640,405 -518,306 2,042,28911207Natixis Paris -Crossover SAS-EUR -04608525000Cash & Cash Equivalents0.0Cash & Cash Equivalents0.0

0195,480661,448856,92945000Retained EarningsCurrent Year Net Income
: CY Net income - formula requiredCurrent Year Net Income1.3645
: CY Net income - formula required00001.3645Other comprehensive income/loss
: Comprehensive income/loss - formula requiredOther comprehensive income/loss1.3645

: Comprehensive income/loss - formula required

Crossover SAS BSCrossover SAS Balance Sheets in USDUS$'000CodeJune 30, 2014April 30, 2014Cash & Cash Equivalents100Accounts Receivable - 3rd Party100Allowance for Doubtful Accounts100Accounts Receivable - Net00Prepaid and Other Expenses100

Total Current Assets00

Fixed Assets100Accumulated Depreciation100Net Fixed Assets00Goodwill100Intangible Assets100Amortization of Intangible Assets100Intangible Assets Net00

Total Non Current Assets00

Total Assets00

Accounts Payable - Trade100Accrued Payable100Short Term Debt100Accrued Tax100Deferred Revenue100

Total Current Liabilities00

Long-Term Debt100

Total Non Current Liabilities00

Total Liabilities00

Common Stock100Additional Paid -In-Capital100Other comprehensive income/loss100Retained Earnings, prior year100Current Year Net Income100Retained Earnings00

Total Equity00

Total Liabilities and Equity00

Check00

HackerRank AnswersHacker Rank Question NumberAnswer1020304050