The British Subsidiary of a U

question 33

Multiple Choice

The British subsidiary of a U.S.company reported cost of goods sold of 75,000 pounds (sterling) for the current year ended December 31.The beginning inventory was 10,000 pounds,and the ending inventory was 15,000 pounds.Spot rates for various dates are as follows: Assuming the dollar is the functional currency of the British subsidiary,the remeasured amount of cost of goods sold that should appear in the consolidated income statement is:

• A) $108,750.
• B) $112,500.
• C) $114,250.
• D) $125,700.

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Definitions:

Temptations

Desires or impulses leading individuals to perform actions they may later regret, often in reference to breaking personal or societal rules.

Relapse

A regression or return to a previous state of health or behavior, often used in the context of substance abuse or mental health.

Transtheoretical Model

A theory of behavior change that identifies six stages of change individuals go through in modifying behavior.

Stages Of Change

A model describing the process by which individuals give up bad habits and adopt healthier behaviors, characterized by stages including precontemplation, contemplation, preparation, action, and maintenance.