The Following Table Shows the Number of Various Foreign Currencies

question 85

Multiple Choice

The following table shows the number of various foreign currencies required to buy a U.S. dollar on April 12, 2008, and April 12, 2013. Use this table to answer the questions that follow.

-On April 12,2008,a haircut in Japan cost 2,000 yen.Using the exchange rates in the above table,that haircut cost approximately ________ U.S.dollars or ________ Australian dollars.

• A) 19.70; 21.15
• B) 20.08; 19.03
• C) 203,080.00; 189,140.36
• D) 21.15; 2,147.40
• E) 9.82; 10.54

Understand and calculate consolidated net income and retained earnings.

Assess the impact of inter-company transactions on consolidated financial statements.

Identify the treatment of intangible assets with indefinite lives and their impairment tests.

Analyze the effect of non-controlling interests on consolidated financial statements.

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