Foreign currency translation adjustments arising from translation of the financial statements of a foreign subsidiary are reported in
a. stockholders' equity of the foreign subsidiary.
b. revenue or expenses of the foreign subsidiary.
c. consolidated net income of the parent company and the foreign subsidiary.
d. stockholders' equity of the parent company.
D
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On January 2, 20x5, Preston Corporation issued 20-year bonds payable with a face value of $300,000 and a face interest rate of 8 percent. The bonds were issued to yield a market interest rate of 9 percent. Interest is payable semi-annually on January 1 and July 1. In calculating the present value of the bond issue of January 2, 20x5, the periodic interest payments to be used are
A) $24,000. B) $12,000. C) $27,000. D) $13,500.
Sensitivity analysis is analogous to postoptimality analysis
Indicate whether the statement is true or false
In states that have adopted partial shield statutes, partners may not be held personally liable for
A. any debts and obligations of the partnership. B. partnership obligations incurred due to their own wrongdoing. C. partnership debts and obligations incurred due to the wrongdoing of other partners. D. both B and C.
In Old Island Fumigation, a company was held liable for injuries caused by its fumigations activities despite it having been provided false information by the property owner
a. True b. False Indicate whether the statement is true or false