In Most Cases, Which of the Following Is Not a Component

question 6

Multiple Choice

In most cases, which of the following is not a component of translated retained earnings?

• A)​Translated retained earnings at the end of the prior period
• B)​Income from the period translated at the historical rate
• C)​The value of dividends translated at the exchange rate on the date of declaration
• D)​All are components of translated retained earnings

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Definitions:

Agent's Conduct

Agent's conduct refers to the actions and behavior of an agent while acting on behalf of a principal, which must align with the principal's instructions and the laws governing the agency relationship.

Employer

An individual or organization that hires and pays people to work.

Motivated

Having a strong desire or willingness to act or accomplish something; driven by certain motives or incentives.

Legally Nonexistent Principal

A legal concept referring to a supposed entity or person in a transaction who, in fact, does not have legal existence.