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Heiner Company

Question 26

Multiple Choice

Heiner Company. converts its foreign subsidiary financial statements using the translation process. The company's subsidiary in the Czech Republic reported the following for 2011: revenues and expenses of 25,000,000 and 18,500,000 koruna, respectively, earned or incurred evenly throughout the year, dividends of 1,500,000 koruna were paid during the year. The following exchange rates are available:
Heiner Company. converts its foreign subsidiary financial statements using the translation process. The company's subsidiary in the Czech Republic reported the following for 2011: revenues and expenses of 25,000,000 and 18,500,000 koruna, respectively, earned or incurred evenly throughout the year, dividends of 1,500,000 koruna were paid during the year. The following exchange rates are available: Translated net income for 2011 is A) $148,500. B) $227,500. C) $175,000. D) $195,000.
Translated net income for 2011 is


A) $148,500.
B) $227,500.
C) $175,000.
D) $195,000.

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