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Professor Company acquired a foreign subsidiary, Student Company, on December 3 1 , 2 0 x 1 . Assume that Student Company is an integrated

Professor Company acquired a foreign subsidiary, Student Company, on December 31,20x1.
Assume that Student Company is an integrated subsidiary. Professor is translating Students' financial statements at December 31,20x2. Foreign exchange rates are as follows:
December 31,20x11 Euro = $1.22
December 31,20x21 Euro = $1.30
Average for 20x21 Euro = $1.25
June 1,20x21 Euro = $1.21
September 30,20x21 Euro = $1.31
Provide the following translated balance in Canadian dollars at December 31,20x2 for:
20x220x1
Account (FCU)
Accounts receivable 12,00013,000
Do not include commas, dollar signs, negative signs or decimals in your response. Round to the nearest whole dollar.

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