Hosgood Distributing Inc

question 55

Multiple Choice

Hosgood Distributing Inc.converts its foreign subsidiary financial statements using the translation process.Their German subsidiary reported the following for 2014: revenues and expenses of 9,050,000 and 6,400,000 marks,respectively,earned or incurred evenly throughout the year,dividends of 2,000,000 marks were paid during the year.The following exchange rates are available: Translated net income for 2014 is

• A) $755,250.
• B) $715,500.
• C) $662,500.
• D) $675,750.

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Definitions:

VoIP

Voice over Internet Protocol, a technology that allows voice calls to be made over the internet, converting analog voice signals into digital data packets.

Two-party Encryption

An encryption method where only two parties can access and decipher the encrypted information, ensuring privacy and security in communications.

Double Fertilization

A unique process in angiosperms where one sperm cell fertilizes an egg cell forming a zygote, and the other sperm cell fuses with two polar nuclei, forming a triploid cell that develops into the endosperm.

Triploid Endosperm

A tissue in the seeds of flowering plants that nourishes the developing embryo, characterized by having three sets of chromosomes.