Question
Suppose an American subsidiary of UK company showed: Current assets of dollar 5 million; Current liabilities of dollar 4 million; Total assets = dollar 7.2
Suppose an American subsidiary of UK company showed:
Current assets of dollar 5 million;
Current liabilities of dollar 4 million;
Total assets = dollar 7.2 million;
Total liabilities = dollar 8.2 million
If the dollar depreciated during that year from 0.7538 to 0.7500.
Under FASB-52, what is the translation gain (loss) in pound if dollar is the functional currency?
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
