:2) which of the following is a major contribution of economist friedrick hayek? select one: a. wrote "the wealth of nations" and advocated for laissez faire b. explained why central planning undermines human liberty and, if pursued far enough, will lead to tyranny; told how the essential institutions of a free society develop without central planning c. stressed the importance of the quantity of money as an instrument of government policy and as a determinant of business cycles and inflation.

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.