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 2013: $\begin{array}{ll}
\text { Jan. } 1 & £ 1=\$ 1.60 \
\text { June } 30 & £ 1=\$ 1.64 \
\text { Dec. 31 } & £ 1=\$ 1.61 \
\text { Weighted average rate for the year } & £ 1=\$ 1.59
\end{array}$ On December 31, 2013, Westmore had accounts receivable of £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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The Answer of 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 2013: $\begin{array}{ll}
\text { Jan. } 1 & £ 1=\$ 1.60 \
\text { June } 30 & £ 1=\$ 1.64 \
\text { Dec. 31 } & £ 1=\$ 1.61 \
\text { Weighted average rate for the year } & £ 1=\$ 1.59
\end{array}$ On December 31, 2013, Westmore had accounts receivable of £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.

Westmore Ltd On December 31, 2013, Westmore Had Accounts Receivable of £280,000