South Company Is a Subsidiary of Pole Company and Is

question 52

Multiple Choice

South Company is a subsidiary of Pole Company and is located in Malaysia,where the currency is the ringgit.Data on South's inventory and purchases are as follows:
The beginning inventory was acquired during the fourth quarter of 20X3,and the ending inventory was acquired during the fourth quarter of 20X4.Purchases were made evenly during 20X4.Exchange rates were as follows:

-Based on the preceding information and assuming the U.S.dollar is the functional currency,what is the amount of South's costs of goods sold remeasured in U.S.dollars?

• A)$28,480
• B)$28,510
• C)$28,540
• D)$28,570

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Definitions:

Matching Law

A principle stating that animals will distribute their behaviors in proportion to the rate of reinforcement they receive for those behaviors.

Minimizing Law

The principle suggesting that organisms will adapt their behaviors in order to minimize negative consequences or punishments.

Contrast Law

A principle in psychology that states the perceived intensity of a stimulus can change relative to the intensity of a preceding or surrounding stimulus.

Mowrer's Two-Factor Theory

A theory proposing that avoidance learning involves both classical conditioning of fear and operant conditioning of the avoidance response.