Homework SourseCrown Imports has numerous international subsidiaries throug
Crown Imports has numerous international subsidiaries throughout Asia that rely upon both the U.S. dollar and local currencies to sustain their operations. For the year ended December 31, 20x1, Crown experienced a remeasurement loss of $40,000 and a translation gain of $25,000. As a result of these conversions, accumulated other comprehensive income would display
| $0. |
Solution
$15,000 loss.
| remeasurement loss | ($40,000) |
| Translation gain | $25,000 |
| accumulated other comprehensive income | ($15,000) |
