Clipclop company sells horseshoes to customers at a discount of 4% if the customer orders more than 10,000 horseshoes in a year. the price per shoe is $2. in april, oats company orders 4,000 horseshoes from clipclop. based on past experience with oats company, clipclop expects oats to meet the volume threshold of 10,000 horseshoes by the end of the year. what amount of revenue should clipclop record in connection with the april sale?

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.