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help You are the accountant for a multi-national US-based corporation with operations in the counties noted on the grid below. You just received the financial
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You are the accountant for a multi-national US-based corporation with operations in the counties noted on the grid below. You just received the financial statements from each country noting the current value of their accounts receivable (AR) based on their "native" currency. However, all values be converted into US dollars for GAAP consolidation reporting purposes. In the yellow shaded space below, enter the US dollar equivalent, rounded to the nearest whole dollar for each country's AR balance. (80 points) Country Currency Name Exchange Rate in Foreign Currency Exchange Rate in US$ Reported value of AR in Foreign Currency US $ Equivalent of AR for GAAP Reporting (Round to nearest whole dollar) Malaysia Iceland India Mexico Ringgit Krona Rupee Peso 4.12 121.82 69.12 19.04 2427 .0082 .0145 .0525 100,000 75,000 25,000 37,000Step by Step Solution
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