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	$	225,000			$	245,000
Accounts receivable, long term		130,000				140,000
Land		65,000				70,000
Patents		95,000				100,000
	$	515,000			$	555,000

This subsidiarys functional currency is the U.S. dollar. What total should Orchids balance sheet include for the preceding items?

Multiple Choice

• $535,000.

• $520,000.

• $515,000.

• $525,000.