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This document contains financial information for two companies, including sales, costs, assets, liabilities, equity, income, and translation adjustments. For the first company, net income was $2,750 resulting in an increase to retained earnings of $2,750. Total assets were $21,750 and the cumulative translation adjustment was a $1,775 credit. For the second company, net income was $15,000 with $12,000 being added to retained earnings. Total assets were $146,000 and the cumulative translation adjustment was

Author

Adam Smith

Language

EN