On January 1, 2011, Fandu Corp

question 19

Essay

On January 1, 2011, Fandu Corp. began operations of a foreign subsidiary. On April 1, 2011, the subsidiary purchased inventory costing 150,000 stickles. One-fourth of this inventory remained unsold at the end of 2011 while 40% of the liability from the purchase had not yet been paid. The pertinent indirect exchange rates were:

Required:
What should have been the December 31, 2011 inventory and accounts payable balances for this foreign subsidiary as translated into U.S. dollars? (Round your answers to the nearest whole dollar.)

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Definitions:

IQ Test

A standardized test designed to measure human intelligence and cognitive abilities.

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Psychological assessment tools where the responses to ambiguous stimuli reveal hidden emotions and internal conflicts.

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A questionnaire or other standardized instrument designed to reveal aspects of an individual's character or psychological makeup.

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B Data refers to behavioral data, which includes observations of an individual's behavior in natural or controlled environments as a method of psychological assessment.