The following balance sheet accounts of a foreign subsidiary at December 31, 2014, have been translated into U.S.dollars as follows:
What total should be included in the translated balance sheet at December 31, 2014, for the above items? Assume the U.S.dollar is the functional currency.
A) $1,270,000
B) $1,288,000
C) $1,300,000
D) $1,354,000
Correct Answer:
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