Assume That U $\begin{array}{ll}\text { Cash and receivables } & 500,000 \\ \text { Inventory } & 500,000 \\ \text { Fixed assets (net) } & 900,000\end{array}$

question 30

Multiple Choice

Assume that U.S. parent company ABC has a subsidiary XYZ in Outer Mongolia. XYZ's total assets are as follows in Mongolian marks: $\begin{array}{ll}\text { Cash and receivables } & 500,000 \\ \text { Inventory } & 500,000 \\ \text { Fixed assets (net) } & 900,000\end{array}$
The relevant exchange rates are:
OMM 1.6800 closing rate on the balance sheet date
OMM 1.5500 exchange rate when the fixed assets were acquired
OMM 1.6300 average exchange rate for the period
OMM 1.6600 average exchange rate when ending inventory was acquired.
What is the total value of assets if the functional currency is the Outer Mongolian mark?

• A) $1,130,952
• B) $1,179,469
• C) $1,175,883
• D) $1,185,012

---

Definitions:

Table Record

An individual entry in a table database, consisting of fields that contain one piece of data or attribute each.

SHIFT+TAB

A keyboard shortcut typically used to navigate back through fields, menu items, or UI elements in a reverse order.

Datasheet

A presentation of data in tabular form, often used in software applications to display and edit records.

Data Types

Categories that specify the kind of data that can be stored and manipulated within a program, such as integers, strings, or Boolean values.