How a translation loss arises

Assignment Help Accounting Basics
Reference no: EM13132778

Which of the following best explains how a translation loss arises when the temporal method of translation is used to translate the foreign currency financial statements of a foreign subsidiary?

A. The foreign subsidiary has more monetary assets then monetary liabilities, and foreign currency appreciates in value.

B. The foreign subsidiary has more monetary liabilities then monetary assets, and foreign currency depreciates in value.

C. The foreign subsidiary has more monetary assets then monetary liabilities, and foreign currency depreciates value.

D. The foreign subsidiary has more total assets then total liabilities, and the foreign currency appreciate in value.

 

Reference no: EM13132778

Questions Cloud

Prepare a schedule showing intangible asset section : Effective January 1, 2011, based on new events that have occurred, Janes estimates that the remaining life of the patent purchased from Lou is only five more years.
What amount set as mean amount of coffee to be dispensed : You can allow the cup to overfill 10% of the time. What amount should you set as the mean amount of coffee to be dispensed?
Write word argumentative essay on immigration control : Write a 750-1,000 word argumentative essay on immigration control. The thesis of your essay should be; President Obama's plan for immigration control will help enhance the American immigration system,
Non-fiction essays : Discusses a number of rhetorical techniques and how they are used to create meaning in non-fiction literary works. Some of these techniques are ones that we have seen used in other literary forms we've discussed, while others are more unique to non-f..
How a translation loss arises : Which of the following best explains how a translation loss arises when the temporal method of translation is used to translate the foreign currency financial statements of a foreign subsidiary?
Expected fourier series graphs : Determine the Fourier series for the function. Sketch both the expected Fourier series graphs using Mathcad to check solution.
Chemical compounds undergo each kind of chemical reaction : Do all chemical compounds undergo each type of chemical reaction,i.e. synthesis, decomposition, metathesis-precipitation, metathesis-neutralization, redox-single displacement, redox-combustion and can this information be useful to a criminal inves..
Nutritional analysis of the meal : Name the restaurant, and then write a nutritional analysis of the meal you have created. (Explain all of the nutrients found in the meal, like carbs, protein, fat, and some essential vitamins and minerals.)
What is the amount of ending inventory on december : It sold 150 units for $45 each from March 1 through December 31. If the company uses the Last-In, First-Out inventory costing method, what is the amount of ending inventory on December 31?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cost depletion or percentage depletion

The taxpayer may deduct either cost depletion or percentage depletion, which for the type ore production is 8 percent of production sold from the mine.

  Did freda actually or constructively receive

What could explain Freda's willingness to spread her salary over a longer period of time?

  United states exchanges

The SEC currently requires foreign companies that list shares on U.S. exchanges to provide:

  Product launch expected value

Brain Drain is about to launch a new product. Depending on the success of the new product, there are three possible outcomes for value next year-What is Brain's total value with leverage?

  Recognition of the gain

Justings Co. owned 80% of Evana Corp. During 2006, Justings sold to Evana land with a book value of $48,000. The selling price was $70,000. In its accounting records, Justings should:

  Preventing under-applied overhead

Why might overhead be under-applied and how can you prevent it? Explain predetermined overhead rate and show its computation. What is the best allocate base to use and why? What factors do you consider when deciding on an allocation base?

  Question regarding risk of investments

Over the past 75 years, we have observed that investments with the highest average annual returns also tend to have the highest standard deviations of their annual returns.

  What proceeds does mayberry receive from the investors

Mayberry Gas Corp. sells $200,000 of bonds to private investors. The bonds are due in five years, have an 8% coupon rate, and interest is paid semi-annually. The bonds were sold to yield 6%. What proceeds does Mayberry receive from the investors?

  Oaks edge company budgeted sales

Oaks Edge Company's budgeted sales were 22,500 units at $76 per unit. Actual sales were 21,750 units at $79 per unit. What was Oaks Edge sales price variance?

  Softball team as a form of advertising

A new employee suggests that RedEx sponsor a company softball team as a form of advertising. The cost to sponsor the team is $1,792. How many more units must be sold to cover this cost?

  Different ways to estimate bad debt

What are the different ways to estimate bad debt? How does this affect net income? What does Generally Accepted Accounting Principles (GAAP) require? Why? Should all companies have bad debt? Explain your answer.

  Compute the predetermined overhead rate

Neffer Services Inc. leases access to high-speed computers to small businesses. It provides the following information for the year.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd