The us subsidiary of japanese firm has total assets of 51mn, Ask an Expert

Economics

The US subsidiary of Japanese firm has total assets of $5.1mn, current liabilities of $900,000 and long term liabilities of $2mn. If dollar depreciated during a year from ¥113.55 to ¥108.72. Under FASB-52, what is the translation gain (loss) in Yen if dollar is the functional currency?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92788568

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