alleryStart learning →A subsidiary earned FC 500 evenly; average rate was FC 1 = Rs 58. Translated income?
ARs 30,000
BRs 28,000
CRs 29,000
DRs 31,000
Answer & Solution
Correct answer: C. Rs 29,000
An average rate approximates transaction date rates when rates are stable, so FC 500 times Rs 58 equals Rs 29,000.
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