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:
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.
Correct Answer:
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