Business, 10.12.2019 20:31 britt729

Certain balance sheet accounts of a foreign subsidiary of rowan, inc., at december 31, have been translated into u. s. dollars as follows: translated at current rates historical rates note receivable, long-term $240,000 $200,000 prepaid rent 85,000 80,000 patent 150,000 170,000 $475,000 $450,000 the subsidiary’s functional currency is the currency of the country in which it is located. what total amount should be included in rowan’s december 31 consolidated balance sheet for the above accounts?

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Certain balance sheet accounts of a foreign subsidiary of rowan, inc., at december 31, have been tra...

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