Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar is its functional currency. Thus, a remeasurement is necessary to produce financial information for external reporting purposes. The branch began the year with 532,000 euros in cash and no other assets or liabilities. However, the branch immediately used 351,000 euros to acquire a warehouse. On May 1, it purchased inventory costing 118,000 euros for cash that it sold on July 1 for 185,000 euros cash. The branch transferred 26,000 euros to the parent on October 1 and recorded depreciation on the warehouse of 21,000 euros for the year. U.S dollar exchange rates for 1 euro follow:

January 1	$1.14	=	1	euro
May 1	1.18	=	1
July 1	1.20	=	1
October 1	1.18	=	1
December 31	1.08	=	1
Average for the year	1.16	=	1

What is the remeasurement gain or loss to be recognized in the consolidated income statement?

Yang Corporation starts a foreign subsidiary on January 1 by investing 44,000 rand. Yang owns all of the shares of the subsidiarys common stock. The foreign subsidiary generates 88,000 rand of net income throughout the year and pays no dividends. The rand is the foreign subsidiarys functional currency. Currency exchange rates for 1 rand are as follows:

January 1	$0.25	=	1	rand
Average for the year	0.28	=	1
December 31	0.31	=	1

In preparing consolidated financial statements, what translation adjustment will Yang report at the end of the current year?