FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the impact of CTA (cumulative translation adjustment) as a result of translation of subsidiary company from another country that has a foreign currency

What is the impact of CTA (cumulative translation adjustment) as a result of translation of subsidiary company from another country that has a foreign currency on the parent's company reporting functional currency in US dollar in statement of income and cash flow statement?

Please site your reference, thanks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Power Of Accounting What The Numbers Mean And How To Use Them

The Power Of Accounting What The Numbers Mean And How To Use Them

Authors: Lawrence Lewis

1st Edition

0415884306, 978-0415884303

More Books

Students also viewed these Accounting questions

Question

★★★★★
The Superior Insurance Company of Maine recently advertised the following discounts for qualified drivers: 10 percent discount to drivers who have not had an accident in the past 7 years 15 percent...

Answered: 1 week ago

Question

★★★★★
Single-Phase Motor Power Factor When a 1/2-hp (1 hp 746 W) single-phase induction motor delivers its rated mechanical output it is 65% efficient and draws a current of 4.8 A(rms) from a 200 V(rms)...

Answered: 1 week ago

Question

★★★★★
2. Both students and teachers work harder and persist longer when they have a high sense of efficacy. Which of the following does not enhance self-efficacy in both students and teachers? A. Formal...

Answered: 1 week ago

Question

★★★★★
Palomar Paper Products purchased land in 1996 for $15,000 cash. The company has held the land since that time. In 2014 Palomar purchased another tract of land for $15,000 cash. Assume that prices in...

Answered: 1 week ago

Question

★★★★★
Wilmington Corporation's cash flow from operations to total debt ratio in Year 7 was: 1 . 6 7 2 . 4 5 1 . 3 9 0 . 8 5

Answered: 1 week ago

Question

★★★★★
As a business leader, describe how you would personally lead your employees. How would you develop trust with your employees? Do you agree or disagree with the first four assigned videos about hiring...

Answered: 1 week ago

Question

★★★★★
A department has three machines. The following figures indicate the departmental expenses for the most recent month Depreciation of machinery Depreciation of building Repairs to machinery Insurance...

Answered: 1 week ago

Question

★★★★★
In this module, you will plan a diving trip. You will need to know estimates of the pressure changes that you will experience. For example, if you estimate reaching depths of 200 ft (61.0 m). The...

Answered: 1 week ago

Question

★★★★★
PROBLEM 3 Given Diagram 3.1, answer Questions 3.1, 3.2 and 3.3 Diagram 3.1 Fa = 2,120 N Ff = 103 N 2,200 kg Question 3.1 What is the resultant force acting on the object? Your answer Question 3.2...

Answered: 1 week ago

Question

★★★★★
This question is a compound true/false question with 6 questions. The answers to 3 of these are true and the answers to the other 3 are false. Choose only the 3 "true" ones. (Note that the grader...

Answered: 1 week ago

Question

★★★★★
Sandork, Inc., has 200 units of inventory which are currently priced $4.90 per unit at the market. Originally this inventory cost $5.50 per unit from an order of 400. Sandork, Inc., should take what...

Answered: 1 week ago

Question

★★★★★
Have you laid out a timeframe for refreshing the data regularly?

Answered: 1 week ago

Question

★★★★★
Have you laid out the information as clearly as possible?

Answered: 1 week ago

Question

★★★★★
Have you tested your findings with those closest to the market?

Answered: 1 week ago

Previous Question Next Question