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Please select the correct excchange rate to convert dinar to us dollars ...

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Accounting

Please select the correct excchange rate to convert dinar to us dollars

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6. On January 2, 2010, Commander Corporation, a U.S. multinational enterprise, acquired all the outstanding common stock of Shinnico Company, which is located in a country whose currency is the dinar (D). The dinar is the functional currency of Shinnico. For 2010, exchange rates for the dinar were as follows: Jan. 2 Dec. 31 Average for the year LCI = $1.10 $1.20 $1.15 Translate the 2010 financial statements of Shinnico Company that follow to U.S. dollars from SHINNICO COMPANY Translation of Financial Statements to U.S. Dollars For Year Ended December 31, 2010 dinars. Exchange Dinar RateU.S. Dollars

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