The following assets of Poole Corporation's Romanian subsidiary have been converted into U.S.dollars at the following exchange rates:
Assume the functional currency of the subsidiary is the U.S.dollar and the books are kept in a different currency.The assets should be reported in the consolidated financial statements of Poole Corporation and Subsidiary in the total amount of
A) $2,325,000.
B) $2,350,000.
C) $2,375,000.
D) $2,650,000.
Correct Answer:
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