Calculate the cumulative translation adjustment for this U.S.MNC translating the balance sheet and income statement of a French subsidiary,which keeps its books in euro,but that is translated into U.S.dollars using the current rate method,the reporting currency of the U.S.MNC.
The subsidiary is at the end of its first year of operation.
The historical exchange rate is $1.60/€1.00 and the most recent exchange rate is $1.50/€ 
Definitions:
Marginal Costs
The rise or fall in the overall expense associated with manufacturing an extra piece in a production sequence.
Lack of Information
A situation where parties in a transaction have insufficient knowledge about the product, service, or conditions, leading to potential inefficiencies in market outcomes.
Monopoly
A market structure characterized by a single seller or producer dominating the entire market, with no close substitutes for the product or service offered.
Understocks
This term describes a situation where the inventory levels are lower than the demand, potentially leading to lost sales and customer dissatisfaction.
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