Finnish Company Converts Its Foreign Subsidiary Financial Statements Using the Translation

question 43

Multiple Choice

Finnish Company converts its foreign subsidiary financial statements using the translation process.The company's subsidiary in Denmark reported the following for 2014: revenues and expenses of 95,000 and 63,000 kroner,respectively,earned or incurred evenly throughout the year,dividends of 43,000 kroner were paid during the year.The following exchange rates are available: Translated net income for 2014 is

• A) $86,400.
• B) $96,000.
• C) $(29,700).
• D) $(28,500).

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Definitions:

Multimedia Elements

Various forms of content and media, including text, audio, images, animations, and video, used to convey information or entertainment.

Narrative Paragraphs

Portions of text that tell a story or describe a sequence of events in a clear, structured manner.

Good-News Announcements

Communications shared with stakeholders to convey positive information or developments within an organization or community.

Press Release

A written or recorded communication directed at members of the news media for the purpose of announcing something ostensibly newsworthy.