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Bogdan [553]
2 years ago
11

Parent Company's wholly-owned subsidiary, Son Corporation, maintains its accounting records in Danish krone. However, because al

l of Son's branch offices are in Sweden, its functional currency is the Swedish krona. Remeasurement of Son's 20X3 financial statements resulted in a $3,200 loss, and translation of its financial statement resulted in a $2,600 loss. What amount should Parent report as a loss in its income statement for the year ended December 31, 20X3?
Business
1 answer:
andreyandreev [35.5K]2 years ago
6 0

Answer:Nill

Explanation:

Foreign exchange transactions occur s between companies in different countries using different currency or a multinational company dealings with it's subsidiary.

However there is a difference between foreign exchange conversion and translation, conversion occurs as a result of selling or buying goods in foreign currency and the exchange rate has changed between the period of purchase and payment. In this situation the loss or gain are posted to the income statement.

Translation or remeasurement of financial position occurs at the year end especially to consolidate a subsidiary account by converting it's currency to the parent's company currency such difference are not posted to income statement but to the net assets.

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Why do you think wants is less important?​
viktelen [127]

Answer:

Wants is less important because you don't need it/them to survive, you can live with only your needs, you should only get your wants only if you can afford it and still have enough money for needs.

Explanation:

I don't know if that made sense lol

3 0
3 years ago
Bryce co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. what is the contribution margin rat
elixir [45]

Sales: $914,000

Variable Costs: $498,130

Operating Income: $196,000

Contribution Margin Ratio = ?

Formula:

Contribution Margin Ratio = (Sales – Variable Costs) / Sales

Solution:

Contribution Margin Ratio = ( $914,000 - $498,130) / $914,000

Contribution Margin Ratio = 45.5% (Answer)

4 0
3 years ago
Most people across the globe have similar access to technology information. Yes or no? Why?
Digiron [165]
False. A great example would be North Korea compared to the United States. In the United States we have the Freedom to Speech so we also have the the opportunity for news and social media where you can post pretty much anything. North Korea on the other hand lacks informing their own people and their own people lacks a stable and healthy government. We don’t know a lot about North Korea and they don’t know anything at all about us or the rest of the world.
8 0
2 years ago
1. Calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the MPC is 0.75.
Mars2501 [29]

Answer: 860

Explanation:

The gross domestic product is the value of the goods and services which are produced in a particular country from the year.

In this question, we are informed that we should calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the marginal prospensity to consume is 0.75.

The GDP loss will be calculated as:

= [(0.75 × 9.8)/100 × 10,000] + 125

= [(7.35/100) × 10000] + 125

= [(0.0735) × 10000] + 125

= 735 + 125

= 860

6 0
3 years ago
In the context of Web marketing, the _____ is computed by dividing the number of clicks an ad gets by the total impressions boug
s2008m [1.1K]

Answer:

Click-through rate

Explanation:

In the context of Web marketing, the click-through rate is computed by dividing the number of clicks an ad gets by the total impressions bought.

5 0
2 years ago
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