Placo Ltd, a Scottish Subsidiary of Limko, Inc

question 31

Multiple Choice

Placo Ltd., a Scottish subsidiary of Limko, Inc., a U.S. company, showed cost of goods sold on its income statement for the year ended December 31, 2010. What amount should be used to consolidate Placo's cost of goods sold into Limko's income statement under the temporal method?

• A) $443,900
• B) $437,600
• C) $432,500
• D) $448,000

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