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Certain balance sheet accounts of a foreign subsidiary of the Crater Co . had been stated in U . S . dollars as follows: Stated
Certain balance sheet accounts of a foreign subsidiary of the Crater Co had been stated in US dollars as follows: Stated at Current Rates Historical Rates Accounts receivablecurrent $ $ Accounts receivablelong term Prepaid insurance Goodwill Totals $ $ If the US dollar is the functional currency of this subsidiary, what total amount should be included in Craters balance sheet in US dollars?
Certain balance sheet accounts of a foreign subsidiary of the Crater Co had been stated in US dollars as follows:
Stated at
Current Rates Historical Rates
Accounts receivablecurrent $ $
Accounts receivablelong term
Prepaid insurance
Goodwill
Totals $ $
If the US dollar is the functional currency of this subsidiary, what total amount should be included in Craters balance sheet in US dollars?
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