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?
A) $.90.
B) $1.00.
C) $.95.
D) $.9474.
E) $1.0556.
Correct Answer:
Verified
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