Darron Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U. corporation. Darron's functional currency was the stickle ().

Darron Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.S. corporation. Darron's functional currency was the stickle (§). The following transactions and events occurred during 2011:Jan. 1 Darron issued common stock for §1,000,000.June 30 Darron paid dividends of §20,000.Dec. 31 Darron reported net income of §80,000 for the yearExchange rates for 2011 were:Jan 1 $1 = §.48June 30 $1 = §.46Dec. 31 $1 = §.42Weighted average rate for the year $1 = §.441. What was the amount of the translation adjustment for 2011? A. $293,479 increase in relative value of net assets.B. $302,137 increase in relative value of net assets.C. $300,160 increase in relative value of net assets.D. $187,418 increase in relative value of net assets.E. $270,800 increase in relative value of net assets.

Question: Darron Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.S. corporation. Darron's functional currency was the stickle (§). The following transactions and...