Westmore, Ltd $\le$ 280,000 What Amount (Rounded) Would Have Been Included for This

question 14

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:
-On December 31, 2011, Westmore had accounts receivable of $\le$ 280,000. What amount (rounded) would have been included for this subsidiary in calculating consolidated accounts receivable?

• A) $173,913.
• B) $176,100.
• C) $445,200.
• D) $448,000.
• E) $450,800.

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Definitions:

Inequality

The unequal distribution of resources, opportunities, and rights among individuals and groups in a society.

Cultural Appropriation

The adoption or use of elements of one culture by members of another culture, often without permission and/or understanding, which can lead to controversy and debate over issues of respect, identity, and intellectual property.

Indigenous Cultures

The customs, social practices, and ways of life of native groups who have historically inhabited regions, often with distinct languages, traditions, and connections to the land.

Financial Interests

Investments or stakes in financial assets or ventures that carry potential for financial gain or loss.