Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2011, have been restated into U.S. dollars as follows:

If the current rate used to restate these amounts is $.95, what was the average historical rate used to arrive at the total amount for historical rates?

Question

Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2011, have been restated into U.S. dollars as follows:

If the current rate used to restate these amounts is $.95, what was the average historical rate used to arrive at the total amount for historical rates?

Quizplus · Accepted Answer

The Answer of Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2011, have been restated into U.S. dollars as follows:

If the current rate used to restate these amounts is $.95, what was the average historical rate used to arrive at the total amount for historical rates?

Certain Balance Sheet Accounts of a Foreign Subsidiary of Parker