Inkal co. was formed on january 1, 2017 as a wholly owned subsidiary of a us corporation. sinkal's functional currency was the stickle (§). the following transactions and events occurred during 2017: jan 1 sinkal issued common stock for §1,000,000 june 30 sinkal paid dividends of §20,000 dec. 31 sinkal reported net income of §80,000 for the year exchange rates for 2017 were: jan 1 §1 = $.48 june 30 §1 = $.46 dec. 31 §1 = $.42 average §1 = $.44

what was the amount of the translation adjustment for 2017?

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.