On January 1, 2011, 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 2011:

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

Question

On January 1, 2011, 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 2011:

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

Quizplus · Accepted Answer

The Answer of On January 1, 2011, 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 2011:

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