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Receivable is not adjusted on the subsidiary's books before translation. B) The Account Receivable is remeasured into the functional currency, thus eliminating the need for translation. translated Account adjusted to renectthe current exchangerate ineurosandthen at the current exchange rate into dollars. resulting gain or loss e, and any is included as a translation adjustment in the holders' equity section of the subsidiary's separate balance sheet. 5. The following assets of Poole Corporation's Romanian subsidiary have been converted into US dollars at the following exchange rates: S875.000 $850,000 575,000 600,000 Trademark Property plant and equipment $2.650.000 S2.350,000 Assume the currency of the subsidiary is the US dollar the books are kept in a different functional and Poole Corporation and The should be reported in consolidated financial statements of the Subsidiary in the total amount of A) s 2.325,000. Bys2,350,000. C $2.375.000 D) S2,650.000. Taydus a US corporation. sold goods on December 2 to a company overseas, and is now to carrying a receivable denominated in euros. Taydus signed a 60-day forward contract on that same date sell euros. The spot rate was SIA0 on the date they signed the contract and the 60-day forward rate was 6. $1.36. At the end of that month when they closed the books at their fiscal year-end, the spot rate was will $1.42 and the 30-day forward rate was S1.40. Assume this is a fair value hedge. The forward contract not be settled net. What would be reported by Taydus for the year ending December 31? lanalyticall A) Net exchange gain B) Net Deferred exchange gain D) Deferred exchange loss 7. When preparing their year-end financial statements, the Warner Company includes a footnote regarding their hedging activities during the year. Which of the following is not required to be disclosed? A) How effectiveness is determined and assessed being hedged it B) The specific types of being hedged, and how they are statements C) Alternative hedging options value bedges and where in the financial D) The net gain or loss for the period for fair is reported