Suppose the German Subsidiary of a U

Multiple Choice

Suppose the German subsidiary of a U.S.firm had current assets of €3 million,fixed assets of €6 million and current liabilities of €3 million both at the start and at the end of the year.There are no long-term liabilities.If the euro depreciated during that year from $.48 to $.38,the FASB-52 translation gain loss.to be included in the parent company's equity account is

A) 0,since the current assets and current liabilities cancel
B) +$300,000
C) -$350,000
D) -$600,000