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Big Co owns 80% of Little Co. Little Co. has the followingtrial balance expressed in Euros and in dollars (afterremeasurement): Account Euros Dollars Cash 10,000

Big Co owns 80% of Little Co. Little Co. has the followingtrial balance expressed in Euros and in dollars (afterremeasurement):

AccountEurosDollars
Cash10,00013,000
Inventory20,00025,000
Other assets250,000300,000
Liabilities50,00065,000
Common Stock50,00060,000
Retained earnings100,000114,000
Sales300,000333,000
Expenses200,000222,000
Dividends declared20,00024,000

What is the remeasurement gain or loss?

(answer format: \"xx,xxx gain\" or \"xx,xxx loss\")

Big Co owns 80% of Little Co. Little Co. has the followingtrial balance expressed in Euros and in dollars (afterremeasurement):

AccountEurosDollars
Cash10,00013,000
Inventory20,00025,000
Other assets250,000300,000
Liabilities50,00065,000
Common Stock50,00060,000
Retained earnings100,000114,000
Sales300,000333,000
Expenses200,000222,000
Dividends declared20,00024,000

What is Little\'s dollar-denominated income on the consolidationworksheet?

(answer format: \"xx,xxx \")

Big Co owns 80% of Little Co. Little Co. has the followingtrial balance expressed in Euros and in dollars (afterremeasurement):

AccountEurosDollars
Cash10,00013,000
Inventory20,00025,000
Other assets250,000300,000
Liabilities50,00065,000
Common Stock50,00060,000
Retained earnings100,000114,000
Sales300,000333,000
Expenses200,000222,000
Dividends declared20,00024,000

What is the dollar-denominated retained earnings to carryforward to next year?


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