Business, 26.08.2019 20:30 oscarmendoza2107
Westmore, ltd. is a british subsidiary of a u. s. company. westmore's functional currency is the pound sterling (£). the following exchange rates were in effect during 2018: jan 1 £1 = $1.60 june 30 £1 = $1.64 dec 31 £1 = $1.61 weighted average rate for the year £1 =$1.59 westmore reported sales of £1,500,000 during 2018. what amount (rounded) would have been included for this subsidiary in calculating consolidated sales?
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Westmore, ltd. is a british subsidiary of a u. s. company. westmore's functional currency is the pou...
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