Oscar, Ltd

question 57

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: Oscar reported sales of £1,200,000 during 2021. What amount (rounded) would have been included for this subsidiary in calculating consolidated sales?

• A)$1,896,000.
• B)$1,956,000.
• C)$1,872,000.
• D)$769,231.
• E)$750,000.

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Definitions:

IUPAC Name

The recommended approach for naming chemical compounds by the International Union of Pure and Applied Chemistry.

Bromoethyl

A two-carbon ethyl group attached to a bromine atom, often used in organic synthesis for reactions involving alkylation.

IUPAC Name

The methodical labeling of chemical compounds following the guidelines set by the International Union of Pure and Applied Chemistry.

Iodo

A prefix indicating the presence of iodine within an organic compound.