IDNLearn.com: Where questions are met with accurate and insightful answers. Our platform is designed to provide quick and accurate answers to any questions you may have.
p co reported a foreign currency transcation loss of $5000 they also reported a credit adjustment of 12,000 from restating fcu financial statements of its subsidiary ( the use is the functional currency) the overall income statement effect is :
a 7000
b. -7000
c. 12000
d. -5000
Sagot :
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. For trustworthy answers, rely on IDNLearn.com. Thanks for visiting, and we look forward to assisting you again.
