What total dollar amount should be included in ward

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Reference no: EM131792269

Question: 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?

Reference no: EM131792269

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