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

question 21

Multiple Choice

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

-If the current rate used to restate these balances is $.95,what was the historical rate used to restate the same balances?

• A)$)90.
• B)$1.00.
• C)$)95.
• D)$)9474.
• E)$1.0556.

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