A USparent Firm,as Result of Its Business Activities in Germany,has a a Net

Multiple Choice

A U.S.parent firm,as result of its business activities in Germany,has a net exposure of €1,000,000.The consolidated reports were prepared at the year-end for the last two successive years.If the exchange rates on these reporting dates changed from $1.00 = €1.10 to $1.00 = €1.00,then the translation exposure report will indicate a "reporting currency imbalance" of

A) $90,910.
B) $0.
C) -$90,910.
D) none of the options