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Oscar, Ltd

Question 34

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: On December 31, 2021, Oscar had accounts receivable of £300,000. What amount (rounded) would have been included for this subsidiary in calculating consolidated accounts receivable? A) $187,500. B) $192,308. C) $474,000. D) $468,000. E) $480,000. On December 31, 2021, Oscar had accounts receivable of £300,000. What amount (rounded) would have been included for this subsidiary in calculating consolidated accounts receivable?


A) $187,500.
B) $192,308.
C) $474,000.
D) $468,000.
E) $480,000.

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