Business: The following balance sheet accounts of a foreign subsidiary at december 31, 2017, have been translated into u.s. dollars as follows: translated at current rates historical rates accounts receivable, current $ 600,000 $ 660,000 accounts receivable, long-term 300,000 324,000 inventories carried at market 180,000 198,000 goodwill 190,000 220,000 $1,270,000 $1,402,000 what total should be included in the translated balance sheet at december 31, 2017, for the above items? assume the u.s. dollar is the

No, you can not because you can t....

The following balance sheet accounts of a foreign

kadence428

11.01.2022

$1,300,000

Explanation:

The computation of the total amount included in the translated balance sheet is shown below:

= Account receivable at current rate + account receivable, long term at current rate + inventories at current rate + goodwill at current rate

= $600,000 + $300000 + $180,000 + $220,000

= $1,300,000

We recorded at the current rate or lower value of current rate or historical rate but the goodwill is recorded at current rate

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