Translation and Remeasurement Gains and Losses

Sales, inventory purchases, and cash operating expenses were reported evenly throughout the year. Exchange rates are as follows $(\frac{\text{\$}}{P}s)$:

Required

a$.$ Prepare a schedule to compute Walmart Mexico's $2023$ remeasurement gain or loss, assuming Walmart Mexico's functional currency is the U$.$S$.$ dollar.

Instructions

Use negative signs with answers to indicate a negative exposed position balance.

Use negative signs with answers to indicate an amount that reduces the exposed position balance.

Using the drop$-$down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss.

Do not use a negative sign with your remeasurement gain or remeasurement loss answer.

Enter answers in millions.

b$.$ Prepare a schedule to compute Walmart Mexico's $2023$ translation gain or loss, assuming Walmart Mexico's functional currency is the Mexican peso.

Instructions:

Use negative signs with answers to indicate a negative exposed position balance.

Use negative signs with answers to indicate an amount that reduces the exposed position balance.

Using the drop$-$down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss.

Do not use a negative sign with your translation gain or translation loss answer.

Enter answers in millions.