Certain balance sheet accounts of a foreign subsidiary of the Crater Co. had been stated in U.S. dollars as follows:

	Stated at
	Current Rates				Historical Rates
Accounts receivablecurrent	$	310,000			$	324,000
Accounts receivablelong term		150,000				167,000
Prepaid insurance		90,000				98,000
Goodwill		115,000				121,000
Totals	$	665,000			$	710,000

If the subsidiarys local currency is its functional currency, what total amount should be included in Craters balance sheet in U.S. dollars?

Multiple Choice

• $688,000.

• $679,000.

• $665,000.

• $687,000.

• $696,000.