The British Subsidiary of a U

question 49

Multiple Choice

The British subsidiary of a U.S.company reported cost of goods sold of 75,000 pounds (sterling) for the current year ended December 31.The beginning inventory was 10,000 pounds,and the ending inventory was 15,000 pounds.Spot rates for various dates are as follows:

Assuming the dollar is the functional currency of the British subsidiary,the remeasured amount of cost of goods sold that should appear in the consolidated income statement is:

• A)$108,750.
• B)$112,500.
• C)$114,250.
• D)$125,700.

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Definitions:

Birth Weight

The weight of a newborn immediately after birth, a critical indicator of neonatal health and future development.

6 Months

A half-year period consisting of approximately 182.5 days, commonly used to measure time in contexts such as age, experience, and project timelines.

Expected Weight

The anticipated or desired weight of an individual based on factors such as age, height, and health conditions.

Embryonic Phase

A stage of prenatal development that occurs from the second to the eighth week after fertilization, during which the major organs and structures begin to form.