Garth owns two all-terrain vehicles (atvs), worth $1,000 and $500, respectively. helen agrees to buy "garth's atv" for $750. garth believes, in good faith, that he is selling the $500 atv. helen believes, in good faith, that she is buying the $1,000 atv. in this situation:

a) garth is entitled to $750 for the $500 atv.
b) helen is entitled to the $1,000 atv for $750.
c) helen must buy both atvs for $1,500.
d) there is no contract.

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.