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Question 18 (3 points) Assume that the foreign subsidiary's functional currency is US dollar. What amounts (in US$) should appear on ABC Inc.'s consolidated financial

Question 18 (3 points)

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Assume that the foreign subsidiary's functional currency is US dollar. What amounts (in US$) should appear on ABC Inc.'s consolidated financial statements for cash related to its foreign subsidiary?

Question 18 options:

$12,996

$12,540

$12,844

$12,464

Question 19 (3 points)

image text in transcribed

image text in transcribed

Assume that the foreign subsidiary's functional currency is US dollar. What amounts (in US$) should appear on ABC Inc.'s consolidated financial statements for land related to its foreign subsidiary?

Question 19 options:

$5,775

$5,985

$5,740

$5,600

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