Red Hat, Inc. reported comprehensive income from 2013 to 2015 as follows ($ thousands): Required: A. Which
Question:
Red Hat, Inc. reported comprehensive income from 2013 to 2015 as follows ($ thousands):
Required:
A. Which method does Red Hat use to translate foreign subsidiaries? Why?
B. Explain the change in the translation adjustment from 2013 to 2015.
Transcribed Image Text:
2013 2014 2015 Net income Unrealized loss on available- for-sale investments Foreign currency translation Comprehensive income $178,292 $180,201 $150,204 (795) (2,810) $148,189 (437) (3,945) (1) (56,163) $124,039 $181,800
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