Certain Balance Sheet Accounts of a Foreign Subsidiary of the Crater

question 68

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 U.S. dollar is the functional currency of this subsidiary, what total amount should be included in Crater's balance sheet in U.S. dollars?

• A)$688,000.
• B)$696,000.
• C)$710,000.
• D)$665,000.
• E)$679,000.

---

Definitions:

Multiple Intelligence

A theory proposed by Howard Gardner, suggesting that intelligence is not a single ability but consists of multiple intelligences, including linguistic, logical-mathematical, spatial, musical, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic.

Assimilation

The process of fully understanding or grasping information, behaviors, or cultural practices, often leading to the integration of new knowledge into one's existing understanding.

Cognitive Structures

Mental frameworks and patterns that shape how individuals absorb, process, and organize information.

Piaget's

Relates to the theories of cognitive development proposed by the Swiss psychologist Jean Piaget, which describe how children's intellectual abilities evolve as they grow.