What was the amount of the translation adjustment for 2018?
A) $60,800 decrease in relative value of net assets.
B) $60,800 decrease in relative value of net assets
C) $61,200 decrease in relative value of net assets
D) $466,400 increase in relative value of net assets..
E) $26,000 increase in relative value of net assets.

Question

Quizplus · Accepted Answer

The question clearly states that the translation adjustment for 2018 was a decrease in relative value of net assets, and the only option that reflects this is option B which states a $60,800 decrease.

What Was the Amount of the Translation Adjustment for 2018