Certain Balance Sheet Accounts of a Foreign Subsidiary of Rowan,Inc

question 10

Multiple Choice

Certain balance sheet accounts of a foreign subsidiary of Rowan,Inc.(Rowan) at December 31,20X6,have been translated into U.S.dollars as follows:

The subsidiary's functional currency is the currency of the country in which it is located.
What total amount should be included in Rowan's December 31,20X6 consolidated balance sheet for the above accounts?

• A) $450,000
• B) $475,000
• C) $455,000
• D) $495,000

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Definitions:

Protein Intake

The amount of protein consumed in one's diet, important for muscle repair, growth, and overall health.

Serum Glucose Levels

The concentration of glucose in the serum portion of the blood, an important indicator of metabolic health and a key measurement in the diagnosis and management of diabetes.

Nitrogen Balance

A measure of nitrogen input minus nitrogen output in an organism, indicating the balance between muscle gain or loss.

Serum Potassium

The concentration of potassium in the serum part of the blood, critical for maintaining normal heart and muscle function; abnormal levels can lead to serious health issues.