Finnish Company Converts Its Foreign Subsidiary Financial Statements Using the Translation

question 58

Multiple Choice

Finnish Company converts its foreign subsidiary financial statements using the translation process.The company's subsidiary in Denmark reported the following for 2014: revenues and expenses of 95,000 and 63,000 kroner,respectively,earned or incurred evenly throughout the year,dividends of 43,000 kroner were paid during the year.The following exchange rates are available:

Translated net income for 2014 is

• A)$86,400.
• B)$96,000.
• C)$(29,700).
• D)$(28,500).

Understand how economic indicators and performances affect exchange rates.

Interpret the balance of trade and its impact on the financial account and national economy.

Understand the components and importance of a nation's central bank official reserves.

Comprehend the impact of investment flows and monetary policies on exchange rates under floating and fixed systems.

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Definitions:

Passive Audience

Individuals who consume media content without actively engaging or questioning the information presented to them.

Mass Media

Diverse media technologies that reach a large audience via mass communication, such as newspapers, television, and the Internet.

Face-To-Face Interaction

Direct communication between two or more individuals who are physically present with each other.

Stuart Hall

A British cultural theorist and sociologist known for his pioneering work in cultural studies and his contributions to the understanding of culture, identity, race, and media studies.