(Answered) Problem - sinkal co was formed on january 1 2011 as a

Accounting

Problem - Sinkal Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.S. corporation. Sinkal's functional currency was the stickle (§). The following transactions and events occurred during 2011:

What was the amount of the translation adjustment for 2011?

A. $52,000 decrease in relative value of net assets.

B. $60,800 decrease in relative value of net assets.

C. $61,200 decrease in relative value of net assets.

D. $466,400 increase in relative value of net assets.

E. $26,000 increase in relative value of net assets.

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