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	$	205,000			$	225,000
Accounts receivable, long term		106,000				176,000
Land		53,000				55,000
Patents		83,000				88,000
	$	447,000			$	544,000

Problem 10-6 (Algo) (LO 10-2, 10-3)

This subsidiarys functional currency is a foreign currency. What total should Orchids balance sheet include for the preceding items?

Multiple Choice

• $452,000

• $454,000

• $524,000

• $447,000