Brown Enterprises, a Subsidiary of Biden Company Based in Delaware

question 48

Multiple Choice

Brown Enterprises, a subsidiary of Biden Company based in Delaware, reported the following information at the end of its first year of operations (all in British pounds) : assets--483,000; expenses--360,000; liabilities--105,000; capital stock--90,000, revenues--648,000. Relevant exchange rates are as follows:

As a result of the translation process, what amount is recorded on the financial statements as the translation adjustment?

• A) $34,020 debit adjustment
• B) $34,020 credit adjustment
• C) $11,520 debit adjustment
• D) $11,520 credit adjustment

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Definitions:

GPU

Short for Graphics Processing Unit, a specialized processor designed to accelerate graphics rendering and perform complex mathematical calculations more efficiently than a conventional CPU.

Data Loss

The unexpected loss of valuable information, which can result from hardware failures, software issues, human error, or cyberattacks.

Disk Writing Performance

The rate at which data can be written to a disk, a key factor in overall system performance, particularly in applications requiring high data throughput.

Time Machine

A conceptual device that enables travel through time, either to the past or the future, as a theoretical or fictional construct.