Certain Balance Sheet Accounts of a Foreign Subsidiary of Parker

question 52

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:

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by behaviors to avoid weight gain, such as self-induced vomiting.

Diagnostic Criteria

Standardized guidelines used to categorize various medical conditions and disorders based on the presence of specific symptoms and signs.

Behavioral Therapy

Therapy that focuses on changing a person’s specific behaviors by replacing unwanted behaviors with desired behaviors.

Food Intake

Refers to the consumption of food and beverages by an individual or organism.