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3. Westmore, Ltd. is a British subsidiary of a U.S. company. Westmore's functional currency is the pound sterling (S). The following exchange rates were in
3. Westmore, Ltd. is a British subsidiary of a U.S. company. Westmore's functional currency is the pound sterling (S). The following exchange rates were in effect during 2011 an. June 30 Dec. 31 1 = $1.60 1 $1.64 1 = $1.61 1 = $1.59 Weighted average rate for the year On December 31, 2011, Westmore had accounts receivable of s280,000. What amount (rounded) would have been included for this subsidiary in calculating consolidated accounts receivable? O $173,913. O $176,100. O $445,200. O $448,000. $450,800
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