5. A purchase of goods, denominated in a currency other than the entitys functional currency, resulted in a payable that was fixed in terms of the amount of foreign currency that would be paid. Exchange rates between the functional currency and the currency in which the transaction was denominated changed. The resulting loss should be included as a(n)

A: Component of income from continuing operations. B: Separate component of stockholders equity. C: Deferred asset. D: Extraordinary item.

6. Certain balance sheet accounts of a foreign subsidiary of Post, Inc. at December 31, 2009, have been translated into US dollars as follows:

	Translated at
	Current rates		Historical rates
Accounts receivable, long-term	$120,000		$100,000
Prepaid insurance	55,000		50,000
Copyright	75,000		85,000
	$250,000		$235,000

The subsidiarys functional currency is the currency of the country in which it is located. What total amount should be included in Posts December 31, 2009 consolidated balance sheet for the above accounts?

A: $225,000 B: $235,000 C: $240,000 D: $250,000