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

question 34

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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: 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.
-What was the amount of the translation adjustment for 2011?


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