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A US Company's Foreign Subsidiary Had the Following Amounts in Stickles

question 95

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A U.S. company's foreign subsidiary had the following amounts in stickles (§) in 2011: A U.S. company's foreign subsidiary had the following amounts in stickles (§)  in 2011:   The average exchange rate during 2011 was §1 = $.96. The beginning inventory was acquired when the exchange rate was §1 = $1.20. The ending inventory was acquired when the exchange rate was §1 = $.90. The exchange rate at December 31, 2011 was §1 = $.84. Assuming that the foreign country had a highly inflationary economy, at what amount should the foreign subsidiary's cost of goods sold have been reflected in the 2011 U.S. dollar income statement? A)  $11,253,600. B)  $11,577,600. C)  $11,649,600. D)  $11,613,600. E)  $11,523,600. The average exchange rate during 2011 was §1 = $.96. The beginning inventory was acquired when the exchange rate was §1 = $1.20. The ending inventory was acquired when the exchange rate was §1 = $.90. The exchange rate at December 31, 2011 was §1 = $.84. Assuming that the foreign country had a highly inflationary economy, at what amount should the foreign subsidiary's cost of goods sold have been reflected in the 2011 U.S. dollar income statement?

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Definitions:

Personality Questionnaire

A tool or test used to assess and evaluate an individual's character traits and personality attributes.

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To have a mutual relationship or connection between two or more things, where one can be related to or affect the other.

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A perspective in psychology focused on identifying, describing, and measuring individual characteristics and differences in personality.

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