Translation and Remeasurement of Subsidiary Trial Balance

Costsave Corporation, a U$.$S$.$ company, acquired Denner, a discount supermarket chain in Switzerland, on Janua

$1,2024.$ Denner is a subsidiary of Costsave, and its results are consolidated with those of Costsave in Costsave'

financial statements. Denner's trial balances for January $1$ and December $31,2024,$ in Swiss francs $($CHF$)$ appea

below.

Additional Information: $($in thousands$)$

Included in operating expenses is depreciation expense of CHF$5,000.$

Plant and equipment of CHF$30,000$ was purchased for cash during $2024,$ when the exchange rate was

$$1\mathrm{.}145.$ Depreciation of CHF$2,000$ was taken on this purchase during $2024.$

The ending inventory was purchased during the month of December.

Revenues, purchases, and operating expenses other than depreciation occurred evenly during the year.

Dividends were declared on December $31,2024.$

Exchange rates for $2024$ were as follows $(\frac{\text{\$}}{C}HF)$:

It is now December $31,2024,$ and Denner's accounts must be converted to U$.$S$.$ dollars in preparation for

consolidation. It is now December $31,2024,$ and Denner's accounts must be converted to U$.$S$.$ dollars in preparation for

consolidation.

$($a$)$ Denner's functional currency is the U$.$S$.$ dollar. Prepare Denner's remeasured December $31,2024$ trial b

and a schedule showing the computation of the remeasurement gain or loss for $2024.$

Use negative signs with your Cr $($credit balance$)$ answers.

Enter answers in thousands. Instructions for Remeasurement Gain$/$Loss Schedule:

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.Instructions for Translation Gain$/$Loss Schedule:

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 translation gain or translation I

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