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A subsidiary firm wishes to remeasure it balance from euros to u.s dollar for it end of year reporting to a parent company based in
A subsidiary firm wishes to remeasure it balance from euros to u.s dollar for it end of year reporting to a parent company based in the united states.
On December 31 the spot exchange rate is 1.5 us dollars per 1 euro The firms amount of 10,000 euros and the flows assets with associated historical exchange rates
U.S. Exchange rate
Inventory 10,000 1.25
PP and E 50,000 1.30
Land 30,000 1.10
What are the firms total assets after rounding
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