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What total should roses balance sheet include

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Reference no: EM131811792

Question - Certain balance sheet accounts of a foreign subsidiary of Rose Company have been stated in U. S. dollars as follows:

Stated at

Current Rates Historical Rates

Accounts receivable current $200,000 $220,000

Accounts receivable long term $100,000 $110,000

Prepaid insurance $50,000 $55,000

Goodwill $80,000 $85,000

$430,000 $470,000

This subsidiary's functional currency is a foreign currency. What total should Roses balance sheet include for the preceding items?

$ 430,000.

$ 435,000.

$ 440,000.

$ 450,000.

Reference no: EM131811792

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