Stack Company Is a Subsidiary of Pile Company and Is

question 32

Multiple Choice

Stack Company is a subsidiary of Pile Company and is located in Valparaíso,Chile,where the currency is the Chilean Peso.Data on Stack's inventory and purchases are as follows:
The beginning inventory was acquired during the fourth quarter of 20X7,and the ending inventory was acquired during the fourth quarter of 20X8.Purchases were made evenly over the year.Exchange rates were as follows:

-Based on the preceding information,the translation of cost of goods sold for 20X8,assuming that the Chilean peso is the functional currency is:

• A)$1,700.
• B)$1,760.
• C)$1,680.
• D)$1,692.

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Definitions:

Moral Development

The process through which individuals develop an understanding of right and wrong, evolving through stages of moral reasoning.

Conventional

Pertaining to commonly accepted norms or standards.

Growth Spurt

A rapid increase in growth rate, especially in height and weight, commonly observed during puberty.

Puberty

The stage in life when a person develops secondary sex characteristics and becomes capable of reproduction.