unrealized transtation es vis

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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* Question 40 of 40
United owns Estada, a European based subsidiary for which the Euro is the functional currency. Estada had a net asset position at
January 1, 2012 of 1,200,000 Euros and reported income of 350.000 Euros for 2012. which was earned evenly throughout the year, In
addition, Estada paid 100,000 Euros of dividends at December 31. 2012. The following were in effect during 2012:
1 Euros = $0.89
1 Euros = $0.98
January 1. 2012
Average for 2012
December 31, 2012
1 Euros $1.10
betermine the amount of the unrealized translation gain or loss United should record for 2012 with respect to Estada,
unreallzed translation loss vis s
Transcribed Image Text:* Question 40 of 40 United owns Estada, a European based subsidiary for which the Euro is the functional currency. Estada had a net asset position at January 1, 2012 of 1,200,000 Euros and reported income of 350.000 Euros for 2012. which was earned evenly throughout the year, In addition, Estada paid 100,000 Euros of dividends at December 31. 2012. The following were in effect during 2012: 1 Euros = $0.89 1 Euros = $0.98 January 1. 2012 Average for 2012 December 31, 2012 1 Euros $1.10 betermine the amount of the unrealized translation gain or loss United should record for 2012 with respect to Estada, unreallzed translation loss vis s
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