Q2) Below is an extract of the account for a foreign subsidiary of an Australian company

Q2) Below is an extract of the account for a foreign subsidiary of an Australian company. Account Depreciation expense Masthead Bill Receivable Current tax asset Service revenue Inventory Deferred tax liability Accumulated depreciation - buildings Share capital Loan payable Indicate the exchange rate that would be used to translate the foreign currency balances of these accounts into Australian dollars assuming: 1. The foreign currency is the functional currency, and II. The Australia dollar is the functional currency Use the following letters to indicate the appropriate exchange rate; H-historical exchange rate C-current exchange rate at the end of the current period A-average exchange rate for the current period