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The balance sheet of an Omani affiliate of a UK based MNC is translated from functional currency to Reporting currency. The total assets in reporting

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The balance sheet of an Omani affiliate of a UK based MNC is translated from functional currency to Reporting currency. The total assets in reporting currency is GBP 345,000.The total of liabilities and equity in reporting currency is GBP 343,560.How much is the Cumulative translation Adjustment (CTA) Gain or loss? a. CTA gain is OMR 1440 b. CTA gain is GBP 1440 C. CTA Loss is GBP 1440 d. None of the option is correct

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