Last Month,the Exchange Rate Between the U

question 80

Short Answer

Last month,the exchange rate between the U.S.dollar and the Japanese yen was 100 yen per dollar.The exchange rate is currently at 110 per dollar.We can say that
a.the dollar appreciated against the yen and the yen depreciated against the dollar
b.the dollar depreciated against the yen and the yen appreciated against the dollar
c.the dollar and the yen both appreciated
d.the dollar and the yen both depreciated

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, where the investment gives the investor significant influence over the investee, typically reflected as a percentage of the investee's net income or loss on the investor's balance sheet.

Consolidated Financial Statements

Financial statements that aggregate the financial position and operating results of a parent company and its subsidiaries, presenting the group as a single economic entity.

Common Shares

Equity securities that represent ownership interest in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, often referred to as the bottom line.