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Translation and Remeasurement Gains and Losses Amcrest France Sant located in Paris, France is a financial subsidiary of Target Corporation sus company. Am crests accounts

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Translation and Remeasurement Gains and Losses Amcrest France Sant located in Paris, France is a financial subsidiary of Target Corporation sus company. Am crests accounts are reported in euros, Assume that the following data relate to Amcrest's activities for 2020 on millions) Ne monetary of years.com Net assets, beganing year 5.400 Transactions during 2020 Sales 72.00 Inventory purchases 59000 Deprecation and amortization 1000 Cost of 61 000 Caut opettig experts 600 Dividends ordered and and SO How long term interest bow 2100 Sales inventory purchases and catch operating expenses were reported evenly throughout the year. Exchange rates are as follows (80 Metin of 2020 513 e for 2030 124 End of 2020 120 Rate when werden de 145 Rate wenden deres 110 Rate when neemt bond 13 Required Prepare a schedule to commute Amcre2030 remasurement in or los suming Arrests functions corrency the US. Instructions 1. Use negatives with awers to indicate este exposed position once 2. Use negative signs with answers to indicate an amount that reduces the exposed position and 3. Using the drop-down menu. Select the appropriate answer tocata remarcamentos 4. Do not use with your measurement normalementiossa 5. Entrawers in millions 5. Enter answers in millions. $/ $ 0 $ (in millions) 2020 beginning exposed position Sales Purchases Cash operating expenses Dividends OOOO OOOO 0 0 0 0 0 2020 ending exposed position O 0 0 $ 0 b. Prepare a schedule to compute Amcrest's 2020 translation gain or loss, assuming Amcrest's functional currency is the euro, 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 translation gain or translation loss answer. 5. Enter answers in millions. $/ $ 0$ 0 (in millions) 2020 beginning exposed position Net income Dividends Ooo 0 0 0 0 0 0 2020 ending exposed position e $ 0

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