Please show work 2 At the end of 2020, an Italian subsidiary of a U S parent reports 1,000,000 in equipment purchased when the exchange rate was $1 40, and 3,000,000 in equipment purchased when the exchange rate was $150 The average exchange rate for 2020 is $1 35, and the beginning and ending rates for 2020 are $1 42 and $1 31, respectively If the Italian subsidiary's functional currency is the U S dollar, the equipment account, in U S dollars, is a $5,240,000 b $5 350 000 c $5,400,000 d $5,900,000 2 At the end of 2020, an Italian subsidiary of a U S parent reports 1,000,000 in equipment purchased when the exchange rate was $1 40, and 3,000,000 in equipment purchased when the exchange rate was $150 The average exchange rate for 2020 is $1 35, and the beginning and ending rates for 2020 are $1 42 and $1 31, respectively If the Italian subsidiary's functional currency is the U S dollar, the equipment account, in U S dollars, is a $5,240,000 b $5 350 000 c $5,400,000 d $5,900,000

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Please show work  2  At the end of 2020, an Italian subsidiary of a U S  parent reports 1,000,000 in equipment purchased when the exchange rate was $1 40, and 3,000,000 in equipment purchased when the exchange rate was $150  The average exchange rate for 2020 is $1 35, and the beginning and ending rates for 2020 are $1 42 and $1 31, respectively  If the Italian subsidiary's functional currency is the U S  dollar, the equipment account, in U S  dollars, is a  $5,240,000 b  $5 350 000 c  $5,400,000 d  $5,900,000 2  At the end of 2020, an Italian subsidiary of a U S  parent reports 1,000,000 in equipment purchased when the exchange rate was $1 40, and 3,000,000 in equipment purchased when the exchange rate was $150  The average exchange rate for 2020 is $1 35, and the beginning and ending rates for 2020 are $1 42 and $1 31, respectively  If the Italian subsidiary's functional currency is the U S  dollar, the equipment account, in U S  dollars, is a  $5,240,000 b  $5 350 000 c  $5,400,000 d  $5,900,000

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Please show work. 2. At the end of 2020, an Italian subsidiary of a U.S. parent reports 1,000,000 in equipment purchased when the exchange rate

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