REFERENCE: Ref.10_01 Westmore,Ltd.is a British Subsidiary of a U.S.company.Westmore's Functional Currency Is

question 79

Multiple Choice

REFERENCE: Ref.10_01
Westmore,Ltd.is a British subsidiary of a U.S.company.Westmore's functional currency is the pound sterling.The following exchange rates were in effect during 2008:
-On December 31,Westmore had accounts receivable of £280,000.What amount (rounded) would have been included for this subsidiary in calculating consolidated accounts receivable?

• A)$444,444.
• B)$451,613.
• C)$142,600.
• D)$176,400.
• E)$452,830.

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Definitions:

Monitoring System

A system that continuously observes, checks, and records the operations or activities of a project or process for analysis and problem detection.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Employees' Competence

The skills, knowledge, and experience possessed by employees that enable them to perform their tasks effectively.

Experiences

Experiences refer to the interactions or events that individuals go through which can impact their perceptions, learning, and personal growth, playing a significant role in consumer choices and life satisfaction.