You are the Chief Accountant of Triple Bhd, a Malaysian company that has two wholly-owned overseas subsidiaries.
- Company X is located in Germany. The company assembles computer terminals from materials provided by Triple. Once assembled, the computer terminals are shipped to Malaysia where Triple sells them.
- Company Z is located in Taiwan and produces computers using materials supplied by local companies in Taiwan. Company Z sells its computers to customers throughout Southeast Asia.
Required:
Explain how translation for each of the above two foreign subsidiaries should be dealt with in the consolidated financial statements of Triple Bhd.

Answer rating: 100% (QA)

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