Prepare Foreign Currency Trial Balance and Translate into USD

Given data

Required:

a$-1.$ Prepare the remeasurement of Papua New Guinean sales office PGK balances into AUD for December $31,2024.$

a$-2.$ Show the calculation of remeasurement loss, $2024.$

b$-1.$ Prepare the translation of Kangaroo Limited AUD balances into USD for December $31,2024.$

b$-2.$ Show the calculation of cumulative translation adjustment for December $31,2024.$

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Prepare Foreign Currency Trial Balance and Translate into USD

Given data