Mark's financial planner has recommended a retirement plan for implementation at mark's business in 2019. he tells mark the plan must cover all employees who are at least 21 and have worked for mark for 3 of the last 5 years (part-time counts). contributions must be made for employees who earned at least $600 (2019) in the prior year. the plan can exclude union members if they have their own retirement plan. which type of plan has mark's planner recommended?

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.