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

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

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