Question
ABC Company's Canadian subsidiary has the following balance sheet. Cash and receivables C$800 Payables C$900 Inventory 900 Long-Term Debt 500 Fixed assets 700 Net Worth
ABC Company's Canadian subsidiary has the following balance sheet. Cash and receivables C$800 Payables C$900 Inventory 900 Long-Term Debt 500 Fixed assets 700 Net Worth 1,000 Total assets C$2,400 Total claims C$2,400 Under the current/non-current method, what is ABC's translation gain or loss?
| + $160 | ||
| - $160 | ||
| + $220 | ||
| - $220 | ||
| + $700 |
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Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
