Reading 24: Multinational Operations LOS d ～ Q16-17 class, black, style, white

mayanfang1

Q16. What is the translation gain or loss for Grande, Inc., for the year ended December 31, 2001?

A)   −$1,650,000.

B)   +$50,000.

C)   −$400,000.

Q17. The translation gain or loss from the activities of Grande, Inc., should be reported in:

A)   the statement of cash flows.

B)   the income statement.

C)   the equity accounts.

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