Livingstons expected cash flows from domestic business are, Ask an Expert

Accounting

Livingston Co. has a subsidiary in Korea. The subsidiary reinvests half of its net cash flows into operations and remits half to the parent. Livingston's expected cash flows from domestic business are $100,000 and the Korean subsidiary is expected to generate 100 million Korean won at the end of the year. The expected value of won is $.0012. What are the expected dollar cash flows of Livingston Co.?

a. $100,000

b. $200,000

c. $160,000

d. $60,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9442522

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