In 1995,Ajax Manufacturing's German Subsidiary Has the Following Balance Sheet

question 5

Multiple Choice

In 1995,Ajax Manufacturing's German subsidiary has the following balance sheet:
Suppose the DM appreciates from $0.70 to $0.76 during the period.
-Under the temporal method,what is Ajax's translation gain loss.?

• A)a gain of $294,000
• B)a gain of $192,000
• C)a loss of $174,000
• D)a loss of $12,000

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Definitions:

Infiltration

The process of gradually entering or inserting oneself into an organization or place covertly, often for espionage or influence.

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Production Processes

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