Multiple Choice
In 1995,Ajax Manufacturing's German subsidiary has the following balance sheet:
Suppose the DM appreciates from $0.70 to $0.76 during the period.
-Under the current rate method,what is Ajax's translation gain loss.?
A) a gain of $294,000
B) a gain of $192,000
C) a loss of $174,000
D) a loss of $12,000
Correct Answer:
Verified
Correct Answer:
Verified
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