Certain Balance Sheet Accounts of a Foreign Subsidiary of the Crater

question 100

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 subsidiary's local currency is its functional currency, what total amount should be included in Crater's balance sheet in U.S. dollars?

• A) $688,000.
• B) $687,000.
• C) $665,000.
• D) $679,000.
• E) $696,000.