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s Sankal Co. was formed on January 1, 2013 as a wholly owned foreign subsidiary ot a US. corporation. sink als functional currency was the

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s Sankal Co. was formed on January 1, 2013 as a wholly owned foreign subsidiary ot a US. corporation. sink als functional currency was the stickle (s). The following transactions and events occurred during 2013: Sinkal issued common stock for $1,000,000. Jan. 1 Sinkal paid dividends of $20.000. Sinkal reported net income of $80,000 for the year. June 30 Dec. 31 Exchange rates for 2013 were: $1 $.48 Jan. 1 $1 S.46 June 30 $1 42 Dec. 31 $1 S.44 Weighted average rate for the year 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. Which one of the following regulates the initial offering of securities by a company or underw A. The Securities Act of 1933. The Securities Exchange Act of 1934. The Investment Company Act of 1940. The Investment Advisers Act of 1940. The Sarbanes-Oxley Act of 2002. s Sankal Co. was formed on January 1, 2013 as a wholly owned foreign subsidiary ot a US. corporation. sink als functional currency was the stickle (s). The following transactions and events occurred during 2013: Sinkal issued common stock for $1,000,000. Jan. 1 Sinkal paid dividends of $20.000. Sinkal reported net income of $80,000 for the year. June 30 Dec. 31 Exchange rates for 2013 were: $1 $.48 Jan. 1 $1 S.46 June 30 $1 42 Dec. 31 $1 S.44 Weighted average rate for the year 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. Which one of the following regulates the initial offering of securities by a company or underw A. The Securities Act of 1933. The Securities Exchange Act of 1934. The Investment Company Act of 1940. The Investment Advisers Act of 1940. The Sarbanes-Oxley Act of 2002

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