Which of the following statements is true about most Western societies?
A. In Western societies social groups, rather than individuals, are the basic building blocks of social organization.

B. The value systems of many Western societies emphasize individual achievement.

C. In Western societies, the social standing of individuals is merely a function of who they work for.

D. The emphasis on individuals in Western societies has led to a low level of entrepreneurial activity.

E. It is easier to build and manage teams within organizations in Western societies.

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.