Instructions: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a translation gain or translation loss. 4. Do not use a negative sign with your translation gain or translation loss answer. 5. Enter answers using all zeros (do not abbreviate to millions or thousands). Instructions for Consolidation Working Papers: - Use negative signs with Cr (credit balance) answers in the Dr(Cr) columns (not in the Credit column). - Enter answers using all zeros (do not abbreviate answers to millions or thousands). Remeasurement consolidation: Translation and Remeasurement Gain or Loss Calculations and Consolidation At December 31, 2023, the subsidiary reports the following trial balance: equipment purchase, all other payments occurred evenly over the period. Required a. Assuming the functional currency of the sales subsidiary is the U.S. dollar, prepare a schedule to compute the remeasurement gain or loss in 2023. Instructions: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss. 4. Do not use a negative sign with your remeasurement gain or remeasurement loss answer. 5. Enter answers using all zeros (do not abbreviate to millions or thousands). Tranclation rnncolidation . b. Assuming the functional currency of the subsidiary is the sol, prepare a schedule to compute the translation gain or loss in 2023. Enter numerical answers using all zeros (do not abbreviate answers to millions or thousands). Remeaci irement entri. functional currency alternative