If the European Subsidiary of a U

question 9

Multiple Choice

If the European subsidiary of a U.S. firm has net exposed assets of euro 500,000, and the euro drops in value from $1.40/euro to $1.30/euro the U.S. firm has a translation

• A) gain of $50,000.
• B) loss of $50,000.
• C) gain of $450,000.
• D) loss of euro 450,000.

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Definitions:

Past Participle

A verb form that is typically used to express completed action, often used in perfect tenses and sometimes as an adjective.

Tungsten Filaments

Thin wires made of tungsten used as the essential heating element in incandescent light bulbs and other devices.

Light Bulbs

Electric devices used to produce light from electricity, typically found in homes, workplaces, and various devices.

Past Participle

A verb form that is typically used in perfect tenses and passive voice, often ending in -ed, -en, or another form depending on the verb.