Reference no: EM133087165
Question - Darron Co. was formed on January 1, 2013 as a wholly owned foreign subsidiary of a U.S. corporation. Darron's functional currency was the stickle (§). The following transactions and events occurred during 2013:
Jan 1 Darron issued common stock for §1,000,000.
June 30 Darron paid dividends of §20,000.
Dec 31 Darron reported net income of §80,000 for the year.
Exchange rates for 2011 were:
Jan 1 $1 = § .48
June 30 $1 = § .46
Dec 31 $1 = § .42
Weighted average rate for the year $1 = § .44
What was the amount of the translation adjustment for 2013?
A. $52,000 decrease in relative value of net assets.
B. $60,800 decrease in relative value of net assets.
C. $61,200 decrease in relative value of net assets.
D. $466,400 increase in relative value of net assets.
E. $26,000 increase in relative value of net assets.
|
Implementation of the solution
: Many of Olivia's team are casual workers. How could the industry's award and its employment terms and conditions, such as modes of employment and hours of work,
|
|
What is the firm weighted average aftertax cost of debt
: The first issue has a coupon rate of 3.76 percent, a par value of $2,000 per bond, What is the firm weighted average aftertax cost of debt
|
|
What makes lg electronics different from other brand
: Give an explanation and example what makes LG electronics different from other brand or its competitors?
|
|
Retailers sales effort
: (Retailers' Sales Effort) In reality sometimes it is difficult to induce the retailers to make more or better sales effort. For instance, a car maker may find t
|
|
What was the amount of the translation adjustment
: Darron Co. was formed on January 1, 2013 as a wholly owned foreign subsidiary of a U.S. corporation. What was the amount of the translation adjustment
|
|
Benefit the producers of a good
: An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of tim
|
|
Communication and group dynamics
: Identify which two barriers to effective communication were most prominent within WorldCom and explain how these barriers led to the downfall of the company.
|
|
Impacts of the fashion supply chain
: Why is it difficult to measure, access, and change the impacts of the fashion supply chain? And include where is it most difficult measure, access, and change a
|
|
Synonymous term for cradle-to-grave design
: 1. Greywater is water that is collected from sinks, showers, washers, etc. True or False
|