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What is the amount of translation gain or? loss

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Using facts in the chapter for Ganado? Europe, assume that the exchange rate on January? 2, 2016, in Exhibit 11.6 dropped in value from ?$1.1200?/€ to ?$0.8500?/€. Recalculate Ganado? Europe's translated balance sheet for January? 2, 2016, with the new exchange rate using the temporal rate method as shown.

a. What is the amount of translation gain or? loss? (Round to nearest dollar)

b. Where should it appear in the financial? statements?

c. Why does the translation loss or gain under the temporal method differ from the loss or gain under the current rate? method?

Reference no: EM132652893

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