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REFERENCE: Ref.10_04 Certain Balance Sheet Accounts of a Foreign Subsidiary of the of the Tulip

question 2

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REFERENCE: Ref.10_04
Certain balance sheet accounts of a foreign subsidiary of the Tulip Co.had been stated in U.S.dollars as follows: REFERENCE: Ref.10_04 Certain balance sheet accounts of a foreign subsidiary of the Tulip Co.had been stated in U.S.dollars as follows: -If the U.S.dollar is the functional currency of this subsidiary,what total should have been included in Tulip's balance sheet for the items above? A) $609,000. B) $658,000. C) $602,000. D) $630,000. E) $616,000.
-If the U.S.dollar is the functional currency of this subsidiary,what total should have been included in Tulip's balance sheet for the items above?

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