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What amount should be used in the consolidated worksheet

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Question - The common stock of the foreign subsidiary owned by Hug has a historic value of $335,000. A recent appraisal of the stock by an independent firm estimates its current value at 12/31/19 is $375,000. What amount should be used in the consolidated worksheet at 12/31/19?

Translation method and Re-Measurement Method

A. $335,000 A. $375,000

B. $375,000 B. $335,000

C. $335,000 C. 335,000

D. $375,000 D. $375,000

A) A

B) B

C) C

D) D

Reference no: EM132994016

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