Certain Balance Sheet Accounts of a Foreign Subsidiary of Parker

question 55

Multiple Choice

Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2021, have been restated into U.S. dollars as follows: Assuming the functional currency of the subsidiary is the U.S. dollar, what total should be included in Parker's consolidated balance sheet at December 31, 2021, for the above items?

• A)$407,500.
• B)$418,000.
• C)$396,000.
• D)$403,500.
• E)$398,500.

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Definitions:

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