Assume that the U.S. dollar is the subsidiarys functional currency. What balances does a consoli dated balance

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Assume that the U.S. dollar is the subsidiary’s functional currency. What balances does a consoli¬ dated balance sheet report as of December 31, 2009? LO6

a. Marketable equity securities = $16,000 and Inventory = $16,000.

b. Marketable equity securities = $17,000 and Inventory = $17,000.

c. Marketable equity securities = $19,000 and Inventory = $16,000.

d. Marketable equity securities = $19,000 and Inventory = $19,000.

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