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What was the amount of the translation adjustment for 2018?

What was the amount of the translation adjustment for 2018?

A)  $60,800 decrease in relative value of net assets.

B)  $60,800 decrease in relative value of net assets.

C)  $61,200 decrease in relative value of net assets.

D)  $466,400 increase in relative value of net assets.

E)  $26,000 increase in relative value of net assets.

Answer: B 

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Written by Homework Lance

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What exchange rate should have been used in translating Darron’s revenues and expenses for 2018?

What was the amount of the translation adjustment for 2018?