Robbins Corporation Has a Wholly-Owned Foreign Subsidiary, Bertke, Ltd

question 4

Multiple Choice

Robbins Corporation has a wholly-owned foreign subsidiary, Bertke, Ltd. Bertke's functional currency is the currency of the country in which it is located. Information extracted from Bertke's financial statements follow: Robbins increased its investment in Bertke on March 31, 20X4. Exchange rate information for the period follows:
The amount of the translation adjustment is:

• A)$108,400
• B)$109,600
• C)$99,000
• D)$108,800

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Definitions:

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