A Bclgium subsidiary's beginning and ending trial balances apoear below: Exrhange rates isiki are. The...
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A Bclgium subsidiary's beginning and ending trial balances apoear below: Exrhange rates isiki are. The subsidiary was acquired at the beginning of the year. Its sales, inventory purchases, and out-of-pocket selling and administrative expenses occurred evenly during the year. Equipment was purchased for 10,000 when the exchange rate was $1,23, Depreciation for the year includes 6200 related to the equipment purchased during the yeer The ending imventory was purchased at the end of the year, and the beginning inventory was purchased at the end of the previotis year. If the subsidarys functional currency is the euro, what is the translated plant \& equipment, net balance at year-end? Select one: a. $48,456 b. $47,580 c. $48,554 d. $46,800
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