Patents Are on the Books of a British Subsidiary of a U.S.firm

question 20

Multiple Choice

Patents are on the books of a British subsidiary of a U.S.firm at a value of 50,000 pounds.The patents were acquired in 20X0 when the exchange rate was 1 pound = $1.50.The British subsidiary was acquired by the U.S.firm in 2016 when the exchange rate was 1 pound = $1.40.The exchange rate on December 31, 2017, the date of the most current balance sheet, is 1 pound = $1.55.The average rate of exchange for 2017 is $1.53.Assuming the dollar is the functional currency of the subsidiary, what exchange rate will be used to re-measure patents for the consolidated statements dated December 31, 2017?

• A)​$1.40
• B)​$1.50
• C)​$1.53
• D)​$1.55

Identify the sequence of events leading to childbirth and understand the role of hormones in these processes.

Describe the stages and hormonal regulation of the human ovarian and uterine cycles.

Explain the physiological role of various hormones in the female reproductive cycle.

Understand the basics of reproductive cycles and sexual receptiveness in animals other than humans.

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Definitions:

Maturity

Maturity in finance refers to the date on which the principal or final payment of a loan, bond, or other financial instrument is due to be paid in full.

Percent of Sales Method

A financial forecasting model used to estimate certain balance sheet and income statement figures based on projected sales revenue.

Uncollectible Accounts Receivable

Refers to the portion of accounts receivable that a company does not expect to collect due to customers being unable to pay.

Allowance

An amount set aside or deducted to account for possible adjustments or for diminution in value, notably in the contexts of accounts receivable and inventory.