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Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in U.S. dollars as follows: Stated at Current Rates Historical Rates
Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in U.S. dollars as follows: Stated at Current Rates Historical Rates Accounts receivable, current $ 170,000 $ 190,000 Accounts receivable, long term 126,000 137,000 Land 63,000 67,000 Patents 92,000 97,000 $ 451,000 $ 491,000 This subsidiarys functional currency is the U.S. dollar. What total should Orchids balance sheet include for the preceding items?
Multiple Choice
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$456,000.
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$451,000.
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$471,000.
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$460,000.
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