Ginza Enterprises,a Subsidiary of Universal Enterprises Based in Dallas,reported the Following

Multiple Choice

Ginza Enterprises,a subsidiary of Universal Enterprises based in Dallas,reported the following information at the end of its first year of operations (all in yen) : assets--110,000,000; expenses--41,000,000; liabilities--97,500,000; capital stock--5,500,000; revenues--48,000,000.Relevant exchange rates are as follows:

As a result of the translation process,what amount is recorded on the financial statements as the translation adjustment?

A) $21,000 debit adjustment
B) $76,000 debit adjustment
C) $21,000 credit adjustment
D) $76,000 credit adjustment