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Use the information below to (a) translate the year-endfinancial statements of Perfect Company, the foreign subsidiary,using the temporal method, and (b) prepare a schedule to computethe translation gain or loss for Perfect Company. Round numbers tothe nearest dollar. On January 2, 2017, Design Inc., a U.S. parentcompany, purchased a 100% interest in Perfect Company, asubdivision located in Switzerland. The purchase method ofaccounting was used to account for the acquisition. The 2017financial s
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