A wholly owned subsidiary of ward inc has certain expense


Question: A wholly owned subsidiary of Ward Inc. has certain expense accounts for the year ended December 31, 2014, stated in local currency units (LCU) as follows:

2297_LCU.png

Assume that the LCU is the subsidiary's functional currency and that the charges to the expense accounts occurred approximately evenly during the year.

Required: What total dollar amount should be included in Ward's 2014 consolidated income statement to reflect these expenses?

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Finance Basics: A wholly owned subsidiary of ward inc has certain expense
Reference No:- TGS02587780

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