The Following Balance Sheet Accounts of a Foreign Subsidiary at December

question 23

Multiple Choice

The following balance sheet accounts of a foreign subsidiary at December 31, 2014, have been translated into U.S.dollars as follows: What total should be included in the translated balance sheet at December 31, 2014, for the above items? Assume the U.S.dollar is the functional currency.

• A)$1,270,000
• B)$1,288,000
• C)$1,300,000
• D)$1,354,000

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