Fleming Company

Multiple Choice

Fleming Company. converts its foreign subsidiary financial statements using the translation process. The company's subsidiary in Denmark reported the following for 2011: revenues and expenses of 80,000 and 54,000 kroner, respectively, earned or incurred evenly throughout the year, dividends of 32,000 kroner were paid during the year. The following exchange rates are available:

Translated net income for 2011 is

A) $70,200.
B) $78,000.
C) $(16,200) .
D) $(8,400) .