Certain Balance Sheet Accounts of a Foreign Subsidiary of the Crater

question 77

Multiple Choice

Certain balance sheet accounts of a foreign subsidiary of the Crater Co. had been stated in U.S. dollars as follows: If the U.S. dollar is the functional currency of this subsidiary, what total amount should be included in Crater's balance sheet in U.S. dollars?

• A) $688,000.
• B) $696,000.
• C) $710,000.
• D) $665,000.
• E) $679,000.

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