On January 1,2008,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 2008:
SHAPE \* MERGEFORMAT

Required:
Calculate the translation adjustment for Malont.(Round your answers to the nearest whole dollar. )

Question

On January 1,2008,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 2008:
SHAPE \* MERGEFORMAT
  
Required:
Calculate the translation adjustment for Malont.(Round your answers to the nearest whole dollar. )

Quizplus · Accepted Answer

The Answer of On January 1,2008,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 2008:
SHAPE \* MERGEFORMAT
  
Required:
Calculate the translation adjustment for Malont.(Round your answers to the nearest whole dollar. )