Arun Had $1,234

question 52

Multiple Choice

Arun had $1,234.00 in his checking account. He wrote a check to his sister Debbie for $492.00 to cover one month of baby sitting. After the check clears, how much money will Arun have in his checking account?

• A) $1,326
• B) $751
• C) $742
• D) $112

---

Definitions:

Sales

The total revenue earned from goods sold or services provided over a certain period of time.

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and economics.

Foreign Subsidiary

A company owned or controlled by another company (parent) located in a different country, conducting business operations in the subsidiary's local market.

Functional Currency

This represents the primary currency of the economic environment in which a business operates, determining the currency in which its financial statements are presented.