I had this problem and got part of it wrong on my quiz and have to know how to do it for my upcoming test and was looking for guidance to the answer aswell as letting me know which part I got correct and which part was incorrect.

For Part A I got 102,900 for my transaction gain on foreign currency. I got to this answer by taking the gain of 147,000 pre tax and using the 30% tax rate to get 44,100 then subtracting that from the original gain. 147,000 - 44,100 = 102,900

For Part B I got (148,400) for my loss on the pension adjustment. I got this by doing the same thing i did for the transaction gain by taking the pre tax loss of 212,000 and using the 30% tax rate to get 63,600 then subtracting it from the original loss. 212,000 - 63,600 = 148,400.

Any help in pointing out where I went wrong would be appreciated

continuing with the information presented in #1above. ABC has ICO o $1,800,000 and a tax rate o 30%. Use the fol ow ng i ormation to determine ICO should be corrected. in 2018, ABC had a oreign currency transaction gain on certain inventory purchases with overseas suppliers in the amount of $147,000 (pre-tax) and an unrealized loss (pre-tax) on pension the $1.800.000 ICO adjustments of $212.000. Neither of these events were included in determinin a. Adjustment to 2018 ICO for the Foreign Currency Transaction: s b. Adjustment to 2018 ICO for the Pension Adjustment: $ ?you need o increase enter our ans ver os ? positive number: if ou need to decrease IC enter your answer as negative number using 0 parenthesis lf you determine that ABC treated the tronsaction correctly ond that ICO does not need to be adjusted enter NE for No Effect. You do not need to record your answer using S signs or commas