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Question 5 Nor yet answered Marked out of 1.00 F Flag question Certain balance sheet accounts of a foreign subsidiary of the Tulip Company -a

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Question 5 Nor yet answered Marked out of 1.00 F Flag question Certain balance sheet accounts of a foreign subsidiary of the Tulip Company -a US-based parent- had been translated into U.S. dollars as follows Translated to USD using Current Rate (closing) Historical (Actual Rato) Investment in Debt $ 800,000 $ 820,000 securities Unearned revenue $ 120,000 $ 124,000 Property, Plant and $ 220,000 $ 228.000 Equipment If the USD$ is the functional currency of this foreign subsidiary, what total should have been included in Tulip's balance sheet for the preceding items? Select one: a. $1,160,000 b. $1.152,000 c. $1,172,000 d. $1,140,000 e. None of the answers is correct

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