REFERENCE: Ref.10_13 Boerkian Co.started 2008 with Two Assets: Cash of §26,000 (Stickles)and

question 91

Essay

REFERENCE: Ref.10_13
Boerkian Co.started 2008 with two assets: cash of §26,000 (stickles)and land that originally cost §72,000 when acquired on April 4,2004.On May 1,2008,the company rendered services to a customer for §36,000,an amount immediately paid in cash.On October 1,2008,the company incurred an operating expense of §22,000 that was immediately paid.No other transactions occurred during the year.Currency exchange rates were as follows:
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-Assume (1)that Boerkian was a foreign subsidiary of a U.S.multinational company that used the U.S.dollar as its functional currency and (2)that the stickle was the functional currency of the subsidiary.What was the translation adjustment for this subsidiary for 2008?

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Information Richness

The capacity of information to change understanding within a time interval, highlighting the value of comprehensive and detailed communication.

E-Commerce

The buying and selling of goods and services over the internet.

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A communication strategy where the listener repeats back what is said to them, demonstrating understanding and validating the speaker’s message.

Interpersonal Communication

The transfer of information, emotions, and meanings among two or more individuals using either spoken or unspoken techniques.