Prepare a 100-word response to each of the Preparation Questions listed in the Midwest Lighting, Inc. case on p. 394 of New Venture Creation: Entrepreneurship for the 21st Century.The Midwest Lighting Case is below in a file to reference for questions!

In this Assignment, you will be assessed based on the following outcome: MT482-2: Asses the principle characteristics of liabilities (debt), equity and assets. This Assignment will require you to dig deep into the structure and composition of Campbell Soup’s liabilities (debt) and equity. This will help you better understand the sources of funding in any business. Locate the Campbell Soup Cases 3-2 and 3-3 on pages 219 and 220 of your text. Be sure to submit thoughtful and substantial answers to the questions following each case CASE 3–2 Analyzing and Interpreting Liabilities Refer to the annual report of Campbell Soup Company in Appendix A. Campbell Soup Required: a. Identify Campbell Soup’s major categories of liabilities. Identify which of these liabilities require recognition of interest expense. b. Reconcile activity in the long-term borrowing account for Year 11. c. Describe the composition of Campbell Soup’s long-term liabilities account using its note 19. Page 220CASE 3–3 Analyzing and Interpreting Equity Refer to the annual report of Campbell Soup Company in Appendix A. Campbell Soup Required: a. Determine the book value per share of Campbell Soup’s common stock for Year 11. b. Identify the par value of Campbell Soup’s common shares. Determine the number of common shares authorized, issued, and outstanding at the end of Year 11. c. Determine how many common shares Campbell Soup repurchased as treasury stock for Year 11. Determine the price at which Campbell Soup repurchased the shares. CHECK (c) Year 11 repurchase price, $51.72add reference

Assignment 2: Foreign Currency Risk Albert, CEO of XYZ, Inc., desires to expand the company’s sales through exports to three (3) foreign subsidiaries. Albert knows that the target subsidiaries are located in countries that require transactions to be denominated in the local currencies. Albert has researched foreign currency risk and knows that there is accounting exposure in accounting statements, operating exposure in future cash flows, and transaction exposure in outstanding obligations. Albert does not understand how these risks apply to XYZ, Inc. under his proposal or if there are any mitigating risk strategies available. Albert requests you, the head of the Risk Management division, to prepare a report that he can present to the Board of Directors on the potential foreign currency risk if XYZ, Inc. expands sales into these markets. XYZ, Inc.’s reporting currency is the U.S. dollar and the subsidiaries would purchase the merchandise as inventory items.Note: You may create and / or make all necessary assumptions needed for the completion of this assignment.Write a three to five (3-5) page paper in which you:Specify accounting exposure, operating exposure, and transaction exposure. Determine the main financial statement effects of each type of exposure if XYZ, Inc. expands as proposed. Determine two (2) types of hedges regarding foreign exchange risk, in general, and recommend the most advantageous risk mitigation strategy for XYZ, Inc. Provide support for your rationale. Note: Refer to Chapter 9 of the textbook for more information on corporate strategies regarding hedging foreign exchange risk.Determine the main accounting assumptions underlying each currently used method (e.g., current rate method and temporal method). Determine the fundamental differences in balance sheet exposure from the application of each method.Suggest the translation method that XYZ, Inc. should use in order to minimize balance sheet exposure. Provide support for you choice.Compare the U.S. GAAP approach to the IFRS approach of translating foreign currency financial statements. Determine the main similarities and differences between the two (2) methods of translation. Assuming one (1) of the subsidiaries of XYZ, Inc. is located in a highly inflationary country, determine the appropriate translation method under FASB and provide the theoretical justification for your response. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.Your assignment must follow these formatting requirements:Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Examine and prepare the accounting entries for intra-entity asset transactions.Examine the impact that specific differences between IFRS and U.S. GAAP have on financial statements.Explain foreign currency transactions and analyze the accounting requirements for the translation of financial statements of foreign entities.Use technology and information resources to research issues in advanced accounting.Write clearly and concisely about advanced accounting using proper writing mechanics.