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 2018: Jan.1£1=$1.60June 30£1=$1.64Dec.31£1=$1.61Weighted average rate for the year£1=$1.59?On December 31, 2018, 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. $450,800.
C. $448,000.
D. $445,200.
E. $176,100.
Answer: B
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