Westmore, Ltd $\le$ 1,500,000 During 2011

question 7

Multiple Choice

Westmore, Ltd. is a British subsidiary of a U.S. company. Westmore's functional currency is the pound sterling. The following exchange rates were in effect during 2011:
-Westmore reported sales of $\le$ 1,500,000 during 2011. What amount (rounded) would have been included for this subsidiary in calculating consolidated sales?

• A) $2,415,000.
• B) $2,400,000.
• C) $2,385,000.
• D) $943,396.
• E) $931,677.

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Definitions:

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