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The Schuldes Company had the following reported assets in euros at historical cost for the period ending December 31, 2005.
The exchange rate per was $0.8734 on January 1, 2005 and $0.9896 on December 31, 2005. The average exchange rate for the year 2005 was $0.8925. The total assets of Schuldes using the current rate method are: A. $2,133. B. $1,923. C. $2,178. |