Reference no: EM131132273
Darron Co. was formed on January 1, 2011 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 2011:
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 2011?
A. $293,479 increase in relative value of net assets.
B. $302,137 increase in relative value of net assets.
C. $300,160 increase in relative value of net assets.
D. $187,418 increase in relative value of net assets.
E. $270,800 increase in relative value of net assets
|
Are there any separating equilibria
: Are there any separating equilibria? Pooling equilibria? If so, what are they? Upon what do your answers depend? Explain using graphs.
|
|
What are the dividends 1 year from now
: The risk free rate is 3%, the market risk premium is 3.6% & the beta is 1.10. The market is at equilibrium, using the above information: What are the dividends 1 year from now?
|
|
Value chain management analysis of tesco
: Write a paper on Value Chain Management Analysis of Tesco, Large business organisations constitute not only a single strategic business unit, but a culmination of several business units. The business units which may number anywhere from 4 to as many ..
|
|
What do you think might account for that change
: Suppose this pattern held in 1985, but that it is no longer true today. What do you think might account for that change?
|
|
What was the amount of the translation adjustment for 2011
: Darron Co. was formed on January 1, 2011 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 2011.What was the amount of the translation a..
|
|
What could he do to improve his chances of success
: Assuming there is no way to make other residents contribute, is Eugene likely to raise the necessary $1,000? Why or why not? What could he do to improve his chances of success?
|
|
Why mussolini had such contempt for democratic politics
: Explain why Mussolini had such contempt for democratic politics, socialism and democracy in his theory of Fascism.
|
|
Social and political doctrines of fascism
: Identify some of the positive moral benefits that war brings to a society according to Benito Mussolini in The Social and Political Doctrines of Fascism.
|
|
The eruption of brutal warfare in europe
: How and why does she see the eruption of brutal warfare in Europe in 1914 as but an extension into Europe of European imperialism previously practiced on other peoples in other parts of the globe?
|