Question: Red Hat Inc reported comprehensive income from 2008 to 2010

Red Hat, Inc. reported comprehensive income from 2008 to 2010 as follows ($ thousands):


Required:
A. Assuming that Red Hat has not purchased or sold any available-for-sale securities, what has happened to the value of the available-for-sale investments from 2008 to 2010? Is this change in value reported on the income statement?
B. Which method does Red Hat use to translate foreign subsidiaries? Why?
C. Explain the change in the translation adjustment from 2008 to2010.
View Solution:


Sale on SolutionInn
Sales5
Views174
Comments
  • CreatedMarch 13, 2015
  • Files Included
Post your question
5000