Suppose the German Subsidiary of a U

question 1

Multiple Choice

Suppose the German subsidiary of a U.S. firm had current assets of DM3 million, fixed assets of DM6 million and current liabilities of DM3 million both at the start and at the end of the year. There are no long?term liabilities. If the DM depreciated during that year from $.48 to $.38, the FASB?52 translation gain (loss. to be included in the parent company's equity account is

• A) 0, since the current assets and current liabilities cancel
• B) +$300,000
• C) -$350,000
• D) -$600,000

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Definitions:

Dietary Reference Intakes

A set of reference values for nutrient intake to be used for planning and assessing diets for healthy people, including RDAs and AIs.

MyPlate

A nutrition guide published by the U.S. Department of Agriculture, using a familiar mealtime visual—a plate and glass divided into five food groups.

Baseline Parameters

Initial values or conditions used as a reference point for comparison over time in research studies or projects.

Kilocalories

A unit of energy measurement in nutrition, equivalent to 1,000 calories, used to quantify the energy food provides.