In 1995,Ajax Manufacturing's German subsidiary has the following balance sheet:
Suppose the DM appreciates from $0.70 to $0.76 during the period.
-Under the current/noncurrent method,what is Ajax's translation gain loss.?
A)a gain of $294,000
B)a gain of $192,000
C)a loss of $174,000
D)a loss of $12,000

Question

In 1995,Ajax Manufacturing's German subsidiary has the following balance sheet:
  Suppose the DM appreciates from $0.70 to $0.76 during the period.
-Under the current/noncurrent method,what is Ajax's translation gain loss.?
A)a gain of $294,000 
B)a gain of $192,000 
C)a loss of $174,000 
D)a loss of $12,000

Quizplus · Accepted Answer

The Answer of 
In 1995,Ajax Manufacturing's German subsidiary has the following balance sheet:
  Suppose the DM appreciates from $0.70 to $0.76 during the period.
-Under the current/noncurrent method,what is Ajax's translation gain loss.?
A)a gain of $294,000 
B)a gain of $192,000 
C)a loss of $174,000 
D)a loss of $12,000

In 1995,Ajax Manufacturing's German Subsidiary Has the Following Balance Sheet