The Canadian subsidiary of a U.S.-based company has an account receivable in British pounds. To report this account receivable in the U.S.-parent's consolidated balance sheet, the Multiple select question.
a. British pound receivable should translated into U.S.
b. dollars using the historical exchange rate.
c. British pound receivable should translated into Canadian dollars using the current exchange rate.
d. the Canadian dollar translated amount for the British pound receivable should be translated into U.S.
e. dollars using the current exchange rate.