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

Question

marianagutierrez0800 marianagutierrez0800

11-06-2024
Business

Answered

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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 :

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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 :

Other Questions

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