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Monty Enterprises,a Subsidiary of Kerry Company Based in Delaware,reported the Following

question 12

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Monty Enterprises,a subsidiary of Kerry Company based in Delaware,reported the following information at the end of its first year of operations (all in British pounds) : assets--483,000;expenses--360,000;liabilities--105,000;capital stock--90,000,revenues--648,000.Relevant exchange rates are as follows: Monty Enterprises,a subsidiary of Kerry Company based in Delaware,reported the following information at the end of its first year of operations (all in British pounds) : assets--483,000;expenses--360,000;liabilities--105,000;capital stock--90,000,revenues--648,000.Relevant exchange rates are as follows:   As a result of the translation process,what amount is recorded on the financial statements as the translation adjustment? A)  $34,020 debit adjustment B)  $34,020 credit adjustment C)  $11,520 debit adjustment D)  $11,520 credit adjustment As a result of the translation process,what amount is recorded on the financial statements as the translation adjustment?

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Definitions:

Ureters

Tubes that carry urine from the kidneys to the bladder in the urinary system.

Urinary Problem

A broad term covering any issue related to the functioning of the urinary system, including infections, incontinence, and kidney stones.

Fluid Intake

The amount of water or other liquids consumed by an individual or organism over a certain period.

Kegel Exercises

Pelvic floor muscle training exercises designed to strengthen the muscles of the pelvic floor, often recommended for women pre and post childbirth and for men with urinary incontinence.

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