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Certain Balance Sheet Accounts of a Foreign Subsidiary of the Crater

question 58

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Certain balance sheet accounts of a foreign subsidiary of the Crater Co. had been stated in U.S. dollars as follows: 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. 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?

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