Shas Identifying the Exchange Rate LO Accounts are listed below for a foreign subsidiary that maintains its books in its local currency. The interest in the subsidiary was acquired in a purchase transaction. In the space provided, indicate the exchange rate that would be used to translate the accounts into dollars assuming that the functional currency was identified (a) as the U.S. dollar and (b) as the foreign entity's local currency. Use the following letters to identify the exchange rate: S Export PDF equity Adobe Export PDF Convert PDF Files to Word or Excel Online H-historical exchange rate C-current exchange rate A-average exchange rate for the current period Select PDF Exchange Rate if the Functional Currenc Is: Convert t U.S. Dollar Local Currency Microsoft Cash Accounts receivable Inventory carried at cost Inventory carried at market Prepaid rent Property, plant, and equipment Accounts payable Bonds payable Unamortized premium on bonds payable Preferred stock carried at issuance price Common stock Convert and edit PDF withh Acrobat Pro D Cost of goods sold Depreciation expense O Type here to search