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A wholly owned subsidiary of Ward Inc has certain expense accounts for the year ended December 31 2014 stated in local currency units LCU as follows Assume that the LCU is the subsidiarys

A wholly owned subsidiary of Ward Inc. has certain expense accounts for the year ended December 31, 2014, stated in local currency units (LCU) as follows:

Assume that the LCU is the subsidiary’s functional currency and that the charges to the expense accounts occurred approximately evenly during the year.

Required:

What total dollar amount should be included in Ward’s 2014 consolidated income statement to reflect these expenses?

May 24 2020 View more View Less

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