Assume the functional currency is the Euro; compute the U.S.Statement of Retained Earnings amount reported for Dividends in 2018.
A) $19,000.
B) $20,200.
C) $18,600.
D) $19,400.
E) $19,600.

Question

Quizplus · Accepted Answer

To compute the U.S. Statement of Retained Earnings amount reported for Dividends, we need to convert the Euro amount of dividends to U.S. dollars using the exchange rate. Without the exchange rate provided, we cannot compute the answer. Therefore, this question cannot be answered with the information given.

Assume the Functional Currency Is the Euro; Compute the U