Robbins Corporation has a wholly-owned foreign subsidiary, Bertke, Ltd. Bertke's functional currency is the currency of the country in which it is located. Information extracted from Bertke's financial statements follow: Robbins increased its investment in Bertke on March 31, 20X4. Exchange rate information for the period follows:
The amount of the translation adjustment is:
A)$108,400
B)$109,600
C)$99,000
D)$108,800

Question

Robbins Corporation has a wholly-owned foreign subsidiary, Bertke, Ltd. Bertke's functional currency is the currency of the country in which it is located. Information extracted from Bertke's financial statements follow:  Robbins increased its investment in Bertke on March 31, 20X4. Exchange rate information for the period follows: 
The amount of the translation adjustment is:
A)$108,400 
B)$109,600 
C)$99,000 
D)$108,800

Quizplus · Accepted Answer

11eb11de_92cb_704c_ad38_83c132da2ec1_TB2014_00

Robbins Corporation Has a Wholly-Owned Foreign Subsidiary, Bertke, Ltd