Business, 15.05.2021 01:00 CameronVand21

Suppose an American subsidiary of UK company showed: Current assets of dollar 5 million; Current liabilities of dollar 4.1 million; Total assets = dollar 7.2 million; Total liabilities = dollar 8.2 million If the dollar deprecated during that year from £0.7538 to £0.7500. Under FASB-52, what is the translation gain (loss) in pound if dollar is the functional currency?

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Suppose an American subsidiary of UK company showed: Current assets of dollar 5 million; Current lia...

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