Fleming Company

question 30

Multiple Choice

Fleming Company. converts its foreign subsidiary financial statements using the translation process. The company's subsidiary in Denmark reported the following for 2011: revenues and expenses of 80,000 and 54,000 kroner, respectively, earned or incurred evenly throughout the year, dividends of 32,000 kroner were paid during the year. The following exchange rates are available:

Translated net income for 2011 is

• A) $70,200.
• B) $78,000.
• C) $(16,200).
• D) $(8,400).

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Definitions:

Structured Slides

Presentation slides organized systematically to present information in a clear, logical progression.

Jumbled Layouts

Disorganized and confusing arrangements of elements in a visual or textual composition.

Detail Level

The degree of depth and specificity presented in a description or explanation, affecting clarity and understanding.

Speaking Notes

Prepared guidelines or prompts used during a speech to assist with delivering a message clearly and effectively.