Darron Co Was Formed on January 1, 2011 as a Wholly

question 55

Multiple Choice

Darron Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.S. corporation. Darron's functional currency was the stickle (§) . The following transactions and events occurred during 2011:

What was the amount of the translation adjustment for 2011?

• A) $293,479 increase in relative value of net assets.
• B) $302,137 increase in relative value of net assets.
• C) $300,160 increase in relative value of net assets.
• D) $187,418 increase in relative value of net assets.
• E) $270,800 increase in relative value of net assets.

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