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A U . S . company owns an 8 0 . s interest in a company located on Mars, Martian currency is called the Martian
A US company owns an s interest in a company located on Mars, Martian currency is called the Martian Cedic. During the year the parent company sold inventory that had cost $ to the subsidiary on account for $ when the echange rate was fiscal period. The unsettled account is denominated in dollars. The exchange rate at the fiscal year end was aCompute the amounts that would be reported for the inventory and accounts payable in the wbsldiarys innslated balance shect. The entity's functional currency is the Martian Credit. Round answers to O decimal ploces es
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