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Oscar, Ltd

Question 1

Multiple Choice

Oscar, Ltd. is a British subsidiary of a U.S. company. Oscar's functional currency is the pound sterling (£) . The following exchange rates were in effect during 2021: Oscar, Ltd. is a British subsidiary of a U.S. company. Oscar's functional currency is the pound sterling (£) . The following exchange rates were in effect during 2021: Oscar reported sales of £1,200,000 during 2021. What amount (rounded) would have been included for this subsidiary in calculating consolidated sales? A) $1,896,000. B) $1,956,000. C) $1,872,000. D) $769,231. E) $750,000. Oscar reported sales of £1,200,000 during 2021. What amount (rounded) would have been included for this subsidiary in calculating consolidated sales?


A) $1,896,000.
B) $1,956,000.
C) $1,872,000.
D) $769,231.
E) $750,000.

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