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The Assets Listed Below of a Foreign Subsidiary Have Been

question 57

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The assets listed below of a foreign subsidiary have been converted to U.S.dollars at both current and historical exchange rates.Assuming that the recording currency of the foreign subsidiary is the functional currency,what total amount should appear for these assets on the U.S.company's consolidated balance sheet?
The assets listed below of a foreign subsidiary have been converted to U.S.dollars at both current and historical exchange rates.Assuming that the recording currency of the foreign subsidiary is the functional currency,what total amount should appear for these assets on the U.S.company's consolidated balance sheet?   A) $636,000 B) $648,000 C) $708,000 D) $960,000

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Definitions:

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A type of white blood cell that is involved in combating multicellular parasites and certain infections in vertebrates, also associated with allergic reactions.

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An infestation by helminths, a type of parasitic worm, which can cause disease and malnutrition.

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A type of immune cell capable of engulfing and absorbing bacteria and other small cells and particles.

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A type of white blood cell that helps heal damaged tissues and resolve infections.

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