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

question 12

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 current/noncurrent 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:

Placing

The action of putting someone or something in a specific position or location.

Plasticity

The tendency of new parts of the brain to take up the functions of injured parts.

Brain Trauma

Physical injury to the brain, which may impact its functions and can result from accidents, sports injuries, or violence.

Damaged Area

Refers to a region or part that has been adversely affected by a disease, injury, or harmful event, leading to impairment or dysfunction.