Question: Required information Use the following information for Problems 6 and 7 Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated

Required information Use the following information for Problems 6 and 7 Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in US dollars as follows: Accounts receivable, current Accounts receivable, long term Land Patents Stated at Current Historical Rates Rates $ 205,000 $ 225,089 106,080 176,000 53,000 55.089 83,000 88,000 $ 447,080 $544,080 Problem 10-6 (LO 10-2, 10-3) This subsidiary's functional currency is a foreign currency. What total should Orchid's balance sheet include for the preceding it

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