Certain Balance Sheet Accounts of a Foreign Subsidiary of Parker

question 78

Multiple Choice

Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2011, have been restated into U.S. dollars as follows:

If the current rate used to restate these amounts is $.95, what was the average historical rate used to arrive at the total amount for historical rates?

• A) $0.9000.
• B) $1.0000.
• C) $0.9500.
• D) $0.9474.
• E) $1.0556.

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Definitions:

Conception

The moment at which a sperm cell fertilizes an ovum, marking the beginning of a pregnancy.

Genetic Disorders

Diseases or conditions caused by an abnormality in an individual's DNA, which can be inherited or occur due to mutations.

Carriers

Individuals who possess one copy of a gene mutation that can lead to a genetic disorder if passed on to offspring, but do not typically show symptoms of the disorder themselves.

Birth Process

Is the series of events that lead to the delivery of a baby, beginning with labor and culminating in childbirth.