Pencil Company acquired a foreign subsidiary, Sharpie Company, on December x
Assume that Sharpie Company is a selfsustaining subsidiary. Pencil is translating Sharpie's financial statements at December x Foreign exchange rates are as follows:
December x Euro $
December x Euro $
Average for x Euro $
June x Euro $
September x Euro $
Provide the following translated balance in Canadian dollars at December x for:
Account FCUxx
Common Shares
Common shares were issued on June x
Do not include commas, dollar signs, negative signs or decimals in your response. Round to the nearest whole dollar.
