Essay
On January 1,2018,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 2018:
Malont's operating revenues and expenses for 2018 were and , 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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