Answer:
It would decrease the net assets by $60,800
Explanation:
The computation of the translation adjustment for 2017 is shown below:
For common stock
= Issued amount × (revised exchange rate - exchange rate)
= $1,000,000 × (0.42 - 0.48)
= -$60,000
For dividend
= Dividend paid × (revised exchange rate - exchange rate)
= $20,000 × (0.42 - 0.46)
= -$800
For net income
= Net income × (revised exchange rate - exchange rate)
= $80,000 × (0.42 - 0.42)
= $0
So, it would decrease the net assets by $60,800 ($60,000 + $800)
A situation in which monetary policy is expansionary prior to an election and contractionary after an election is known as the Political business cycle.
What is expansionary monetary policy and contractionary monetary policy?
Simply put, expansionary monetary policy enlarges (increases) the money supply, whereas contractionary monetary policy reduces (contracts) the amount of a nation's currency available.
What is Political business cycle?
A political business cycle is a change in economic activity brought on by outside political actors. The term "political business cycle" is mostly used to refer to the economic expansion that occurs right before an election to increase the likelihood that the current administration will be reelected. Empirical evidence of political business cycles is still ambiguous despite several attempts to prove it.
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The broker of record is ultimately responsible for determining the role a licensee is expected to play in any transaction.
When an insurance company pays an agent a monthly commission to manage and represent a policyholder's insurance policy, that agent is known as a broker of record. Two parts of this position include liaison work for the policyholder and communication.
A broker of record in the context of insurance is an agent chosen by the policyholder to represent and administer the policy. All correspondence to the policyholder may be copied by the broker of record, who may also accept quotations, policies, and notices on the policyholder's behalf. One of the most potent and frequently misused legal documents in the insurance sector is the Broker of Record (BOR) letter. Unfortunately, a lot of unethical brokers get uninsured people to sign this.
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- <u>A minimum wage is the lowest remuneration that employers can legally pay their workers the price floor below which workers may not sell their labor.</u>
*Put that in your own words though
