What are the expected dollar cash flows of livingston


Livingston Co. has a subsidiary in Korea. The subsidiary reinvests half of its net cash flows into operations and remits half to the parent. Livingston's expected cash flows from domestic business are $100,000 and the Korean subsidiary is expected to generate 100 million Korean won at the end of the year. The expected value of won is $.0012. What are the expected dollar cash flows of Livingston Co.?

a. $100,000

b. $200,000

c. $160,000

d. $60,000

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What are the expected dollar cash flows of livingston
Reference No:- TGS081507

Expected delivery within 24 Hours