Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
translation adjustments and remeasurement gains/losses are a function of 1)changes in the exchange rate, 2)balance sheet exposure
Remeasurement is the process of recalculating an item's or asset's value in order to produce a more accurate financial record of its worth. Remeasurement is a process used by businesses to translate the value of assets and revenues from foreign subsidiaries that are denominated in different currencies. The primary objective of remeasurement is to convert foreign currencies into the subsidiary's functional currency. The main goal of translation is to change the reporting currency for the parent firm into the functional currency for a subsidiary. demonstrates the unrealized change in the value of financial instruments, like investments, that were measured at fair market value as of the Statement of Financial Position date, as well as the conversion of year-end foreign currency balances, like payables.
Learn more about remeasurement here:
https://brainly.com/question/13058133
#SPJ4
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.
