The average exchange rate during 2020 was $.96 = §1. The beginning inventory was acquired when the exchange rate was $1.20 = §1. The ending inventory was acquired when the exchange rate was $.90 = §1 and current market value of the inventory is higher than the acquisition cost. The exchange rate at December 31, 2020 was $.84 = §1. Assuming that the foreign country had a highly inflationary economy, at what amount should the foreign subsidiary's cost of goods sold have been reflected in the U. S. dollar income statement?

$11,613,600

Explanation:

Beginning Inventory 240 * rate at that date 1.20 = 288,000

Purchase 12,360, 000 * 0.96 average for the year = 11,865,600

Available for sale =(11,865,600+288,000)

12,153,600

Ending 600,000 * BalanceSheet HR .90 = 540,000

COGS =( 12,153,600-540,000) $11,613,600

Therefore Assuming that the foreign country had a highly inflationary economy, at what amount should the foreign subsidiary's cost of goods sold have been reflected in the U.S. dollar income statement will be $11,613,600

a is the correct answer, tell me if im right

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.