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A selected few accounts from a foreign subsidiary have the following balances (CH 10) (10 Points) Accounts receivable Accounts receivable Prepaid insurance Goodwill Totals

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A selected few accounts from a foreign subsidiary have the following balances (CH 10) (10 Points) Accounts receivable Accounts receivable Prepaid insurance Goodwill Totals Stated at Current Historical Rates Rates - current $ 280,000 -long-term 140,000 $ 308,000 154,000 77,000 70,000 112,000 119,000 $ 602,000 $ 658,000 We find that this subsidiary uses its local currency (the currency of the foriegn country) instead of U.S. $ as its functional currency. If the appropriate method has been applied for translation, what should be the balance (in US $) for each account?

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