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53:33 Required information [The following information applies to the questions displayed below.] Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been
53:33 Required information [The following information applies to the questions displayed below.] Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in U.S. dollars as follows: Accounts receivable, current Accounts receivable, long term Land Patents Current Rates $ 200,000 100,000 50,000 80,000 $430,000 Stated at Historical Rates $ 220,000 110,000 55,000 85,000 $ 470,000 This subsidiary's functional currency is a foreign currency. What total should Orchid's balance sheet include for the preceding items?
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