Parentco, Inc

question 5

Multiple Choice

Parentco, Inc. had a negative cumulative translation adjustment of ($250,000) on its balance sheet pertaining to its investment in Subko Ltd at the point in time that Parentco sold its interest in Subko. How must Parentco handle this translation adjustment when it records the sale of Subko?

• A) As an increase in income (gain on disposal)
• B) As a decrease in income (loss on disposal)
• C) The cumulative translation adjustment will not be affected by the sale.
• D) It will be a prior period adjustment to retained earnings.

Comprehend the concept of assisted human reproduction and its legal framework.

Appreciate the changing roles of women in society and their impact on family structures.

Understand the prevalence and implications of family violence.

Understand the evolution of gender roles in society.