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REFERENCE: Ref.10_09 Certain Balance Sheet Accounts of a Foreign Subsidiary of Parker

question 10

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REFERENCE: Ref.10_09
Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31,2008,have been restated into U.S.dollars as follows:
SHAPE \* MERGEFORMAT
$REFERENCE: Ref.10_09 Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31,2008,have been restated into U.S.dollars as follows: SHAPE \* MERGEFORMAT -Assuming the functional currency of the subsidiary is the U.S.dollar,what total should be included in Parker's consolidated balance sheet at December 31,2008,for the above items? A) $407,500. B) $418,000. C) $396,000. D) $403,500. E) $398,500.$
-Assuming the functional currency of the subsidiary is the U.S.dollar,what total should be included in Parker's consolidated balance sheet at December 31,2008,for the above items?

Definitions:

Year 2

The term defines the sophomore year in any given context, often seen in fiscal, educational, or chronological timelines.

Operating Cycle

The period of time it takes for a business to buy inventory, sell products, and collect cash from customers, effectively turning inventory into cash.

Year 2

Year 2 typically refers to the second year in a sequence or series, such as the second year of operation for a business, the second calendar year of an entity’s existence, or a specific fiscal year designated as "Year 2."

Debt-to-Equity Ratio

This metric illustrates the proportionate use of equity and debt in financing a company's asset base.