Chapter 8, Problem 8.69BP

1.

To determine

Whether the currency translation would result in positive or negative translation adjustment, whether the translation results in gain or loss, indicate the reporting of this adjustment on the financial statements, and translate the foreign-currency balance sheet of the subsidiary of Corporation L into dollars, which is denominated in yen

2.

To determine

To indicate: To whom the foreign currency translation adjustment value belongs, and in which company this adjustment value would be reported