If the Hong Kong Subsidiary of a U

question 17

Multiple Choice

If the Hong Kong subsidiary of a U.S.firm has net exposed assets of HK$ 500,000 and the HK$ changes in value from US$0.50/HK$ toUS$0.30/HK$,the U.S.firm will have a translation ________.

• A) loss HK$100,000
• B) loss US$100,000
• C) gain US$100,000
• D) gain US$ 50,000

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Definitions:

Biogeochemical Cycles

Processes that recycle essential elements and compounds between the biological (living) and geochemical (non-living) components of the Earth.

Stable Ecosystems

Ecosystems that remain relatively constant in terms of their species composition, structure, and function despite disturbances.

Greenhouse Effect

The trapping of the sun's warmth in the planet's lower atmosphere due to the greater transparency of the atmosphere to visible radiation from the sun than to infrared radiation emitted from the planet's surface.

Ozone Layer

A stratospheric layer of ozone molecules that absorbs and reduces the amount of ultraviolet radiation reaching the Earth's surface.