Oscar, Ltd

question 34

Multiple Choice

Oscar, Ltd. is a British subsidiary of a U.S. company. Oscar's functional currency is the pound sterling (£) . The following exchange rates were in effect during 2021: On December 31, 2021, Oscar had accounts receivable of £300,000. What amount (rounded) would have been included for this subsidiary in calculating consolidated accounts receivable?

• A) $187,500.
• B) $192,308.
• C) $474,000.
• D) $468,000.
• E) $480,000.