<\/div><\/div><\/div> Board Company has a foreign subsidiary that began operations at the start of 2015 with assets of 132.000 kites {the local currency unit) and liabilities of 54,000 kites. During this initial year of operation, the subsidiary reported a profit of 26,000 kites. It distributed two dividends. each for 5.000 kites with one dividend declared on March 1 and the other on October 1. Applicable exchange rates for 1 kite follow: January 1, 2015 (start of business) $ 0.80 March 1, 2015 0.?3 Weighted average rate for 2015 0.77",
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"title": "Intermediate Accounting",
"isbn": "470964731, 978-0470964736, 978-0470161012",
"edition": "9th Canadian Edition, Volume 2",
"authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.",
"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg",
"uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516",
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