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If the U.S. dollar is the functional currency of this subsidiary, what total amount should be included in Tulip’s balance sheet in U.S. dollars?

If the U.S. dollar is the functional currency of this subsidiary, what total amount should be included in Tulip’s balance sheet in U.S. dollars?

A)  $609,000.

B)  $658,000.

C)  $602,000.

D)  $630,000.

E)  $616,000.

Answer: E  

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