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Suppose the Switzerland subsidiary of the UK firm had current assets of SF500,000, total assets...

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Accounting

Suppose the Switzerland subsidiary of the UK firm had current assets of SF500,000, total assets of SF 2mn and current liabilities of SF300,000, long term liabilities of SF 1mn. If the SF depreciated during that year from 0.862 to 0.859. Under FASB-52, what is the translation gain (loss) in pound if dollar is the functional currency?

a. 0

b. 6,000 gain

c. 2,100 loss

d. 600 loss

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