Question
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):
Account | Euros | Dollars |
Cash | 10,000 | 13,000 |
Inventory | 20,000 | 25,000 |
Other assets | 250,000 | 300,000 |
Liabilities | 50,000 | 65,000 |
Common Stock | 50,000 | 60,000 |
Retained earnings | 100,000 | 114,000 |
Sales | 300,000 | 333,000 |
Expenses | 200,000 | 222,000 |
Dividends declared | 20,000 | 24,000 |
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):
Account | Euros | Dollars |
Cash | 10,000 | 13,000 |
Inventory | 20,000 | 25,000 |
Other assets | 250,000 | 300,000 |
Liabilities | 50,000 | 65,000 |
Common Stock | 50,000 | 60,000 |
Retained earnings | 100,000 | 114,000 |
Sales | 300,000 | 333,000 |
Expenses | 200,000 | 222,000 |
Dividends declared | 20,000 | 24,000 |
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):
Account | Euros | Dollars |
Cash | 10,000 | 13,000 |
Inventory | 20,000 | 25,000 |
Other assets | 250,000 | 300,000 |
Liabilities | 50,000 | 65,000 |
Common Stock | 50,000 | 60,000 |
Retained earnings | 100,000 | 114,000 |
Sales | 300,000 | 333,000 |
Expenses | 200,000 | 222,000 |
Dividends declared | 20,000 | 24,000 |
What is the dollar-denominated retained earnings to carryforward to next year?
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