Question: What amount should Rose's balance sheet include for the preceding items? Certain balance sheet accounts of a foreign subsidiary of Rose Company have been stated

What amount should Rose's balance sheet include for the preceding items?

What amount should Rose's balance sheet include
Certain balance sheet accounts of a foreign subsidiary of Rose Company have been stated in Philippine pesos as follows: - satd | _ Current Rates Historical Rates P200,000 P220,000 Accounts receivable, long 100,000 110,000 term 50,000 55,000 Goodwill 80,000 85,000 TOTAL P430,000 P470,000 The subsidiary's functional currency is the local currency unit. What amount should Rose's balance sheet include for the preceding items

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