1. Selected balance sheet accounts of a foreign subsidiary of the Pacter Company have been translated into parent currency (F) as follows:

Translated at
	Current Rates	Historical Rates
Accounts receivable	F 100,000	F 120,000
Marketable securities, at cost	200,00	240,000
Prepaid insurance	120,0000	130,000
Goodwill	250,000	300,000
	F 670,000	F 790,000

a. Assuming that the foreign subsidiary is determined to have the foreign currency as its functional currency in accordance with IAS 21, determine the total amount that should be included in Pacters consolidated balance sheet for the assets listed in accordance with International Financial Reporting Standards (IFRS)

b. Assuming that the foreign subsidiary is determined to have Pacters reporting currency as its functional currency in accordance with IAS 21, determine the total amount that should be included in Pacters consolidated balance sheet for the assets listed in accordance with IFRS.