Essay
On January 1, 2021, Veldon Co., a U.S. corporation with the U.S. dollar as its functional currency, established Malont Co. as a subsidiary. Malont is located in the country of Sorania, and its functional currency is the stickle (§). Malont engaged in the following transactions during 2021: 
Malont's operating revenues and expenses for 2021 were §800,000 and §650,000, respectively. The appropriate exchange rates were: 
Required:Calculate the translation adjustment for Malont. (Round your answers to the nearest whole dollar.)
Correct Answer:
Verified
Correct Answer:
Verified
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