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The following assets of Poole Corporation's Romanian subsidiary have been converted into U.S. dollars at the following exchange rates: Current Historical Rates Rates Accounts receivable

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The following assets of Poole Corporation's Romanian subsidiary have been converted into U.S. dollars at the following exchange rates: Current Historical Rates Rates Accounts receivable $850,000 $875,000 Trademark 600,000 575,000 Property plant and equipment 1,200,000 900,000 Totals $2.650.000 $2,350,000 Assume the functional currency of the subsidiary is the U.S. dollar and the books are kept in a different currency. The assets should be reported in the consolidated financial statements of Poole Corporation and Subsidiary in the total amount of: Select one: O a. $2,325,000. b. $2,350,000. O c. $2,375,000. O d. $2,650,000

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