_____ Following are certain items (accounts or account totals) that have been translated into U.S. dollars at or for the year ending 12/31/06 for a Mexican subsidiary having the peso as its functional currency:
What is the total ending Retained Earnings balance at 12/31/06?
A) $110,000
B) $120,000
C) $130,000
D) $160,000
E) None of the above.

Question

_____ Following are certain items (accounts or account totals) that have been translated into U.S. dollars at or for the year ending 12/31/06 for a Mexican subsidiary having the peso as its functional currency:
 What is the total ending Retained Earnings balance at 12/31/06?
A) $110,000 
B) $120,000 
C) $130,000 
D) $160,000 
E) None of the above.

Quizplus · Accepted Answer

The Answer of _____ Following are certain items (accounts or account totals) that have been translated into U.S. dollars at or for the year ending 12/31/06 for a Mexican subsidiary having the peso as its functional currency:
 What is the total ending Retained Earnings balance at 12/31/06?
A) $110,000 
B) $120,000 
C) $130,000 
D) $160,000 
E) None of the above.

_____ Following Are Certain Items (Accounts or Account Totals) That