The assets listed below of a foreign subsidiary have been converted to U.S. dollars at both current and historical exchange rates. Assuming that the recording currency of the foreign subsidiary is the functional currency, what total amount should appear for these assets on the U.S. company's consolidated balance sheet?AssetHistorical RatesCurrent RatePrepaid Insurance $60,000   $48,000  Buildings (Net)  480,000    240,000  Inventories, at Cost  300,000    288,000  Investments, at Cost  120,000    60,000  Total $960,000   $636,000  

A. $636,000
B. $960,000
C. $648,000
D. $708,000


Answer: A

Business

You might also like to view...

______ rules tell us what messages count as what and how our messages and behaviors are to be interpreted.

a. Social b. Interaction c. Constitutive d. Regulative

Business

Climate change is primarily due to an imbalance in the chemical cycling of the element carbon.

Answer the following statement true (T) or false (F)

Business

Stealth Software Inc Stealth Software Inc has the following information available from last year for one of its software products: Sales revenue $50,000 Variable costs 15,000 Fixed costs 10,000 Net operating income $25,000 Refer to the Stealth Software Inc information above. If the sales price per unit is $20 and the company expects a 25% increase in sales volume this year along with a 10%

decrease in fixed costs. What will be expected net operating income this year? A) $22,250 B) $53,500 C) $32,750 D) $34,750

Business

Environmental changes are highly unlikely in emerging industries. 

Answer the following statement true (T) or false (F)

Business