The Following Information Pertains to Questions

question 10

Multiple Choice

The following information pertains to questions
ABC Inc has a single wholly-owned American subsidiary called US1 based in Los Angeles,California which was acquired January 1,2014.US1 submitted its financial statements for 2014 to ABC.Selected exchange rates in effect throughout 2014 are shown below: US1 Financial Results for 2014 were as follows: Balance Sheet For questions 17 through 22,inclusively,assume that US1 is considered to be a self-sustaining subsidiary.
-What is the amount of the gain or loss arising from translation?

• A)A $750 Loss.
• B)A $5,000 Loss.
• C)A $3,750 Gain.
• D)A $307 Loss.

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Definitions:

QRS Complex

A series of three deflections on an electrocardiogram (ECG) representing the electrical activity during the ventricular contraction phase of the heart cycle.

ECG

Electrocardiogram, a diagnostic tool that records the electrical activity of the heart, used to detect heart conditions by measuring the timing and duration of each electric phase in the heartbeat.

QRS Complex

A series of deflections in an electrocardiogram (ECG) representing ventricular depolarization before the main pumping action of the heart.

Atrial Repolarization

The process where atrial muscle cells return to their resting state during the cardiac cycle.