Zugar Company is domiciled in a country whose currency is the dinar Zugar begins 2 0 2 4 with three assets cash of 2 0 , 0 0 0 dinars, accounts receivable of 8 0 , 0 0 0 dinars, and land that cost 2 0 0 , 0 0 0 dinars when acquired on April 1 , 2 0 2 3 On January 1 , 2 0 2 4 , Zugar has a 1 5 0 , 0 0 0 dinar note payable, and no other liabilities On May 1 , 2 0 2 4 , Zugar renders services to a customer for 1 2 0 , 0 0 0 dinars, which was immediately paid in cash On June 1 , 2 0 2 4 , Zugar incurred a 1 0 0 , 0 0 0 dinar operating expense, which was immediately paid in cash No other transactions occurred during the year Currency exchange rates for 1 dinar follow April 1 , 2 0 2 3 January 1 , 2 0 2 4 May 1 , 2 0 2 4 June 1 , 2 0 2 4 December 3 1 , 2 0 2 4 Required a Assume that Zugar is a foreign subsidiary of a U S multinational company that uses the U S dollar as its reporting currency Assume also that the dinar is the subsidiary's functional currency What is the translation adjustment for this subsidiary for the year 2 0 2 4 b Assume that Zugar is a foreign subsidiary of a U S multinational company that uses the U S dollar as its reporting currency Assume also that the U S dollar is the subsidiary's functional currency What is the remeasurement gain or loss for 2 0 2 4 c Assume that Zugar is a foreign subsidiary of a U S multinational company On the December 3 1 , 2 0 2 4 , balance sheet, what is the translated value of the Land account On the December 3 1 , 2 0 2 4 , balance sheet, what is the remeasured value of the Land account Note Input all amounts as positive

Question

Zugar Company is domiciled in a country whose currency is the dinar  Zugar begins 2 0 2 4 with three assets  cash of 2 0 , 0 0 0 dinars, accounts receivable of 8 0 , 0 0 0 dinars, and land that cost 2 0 0 , 0 0 0 dinars when acquired on April 1 , 2 0 2 3   On January 1 , 2 0 2 4 , Zugar has a 1 5 0 , 0 0 0 dinar note payable, and no other liabilities  On May 1 , 2 0 2 4 , Zugar renders services to a customer for 1 2 0 , 0 0 0 dinars, which was immediately paid in cash  On June 1 , 2 0 2 4 , Zugar incurred a 1 0 0 , 0 0 0 dinar operating expense, which was immediately paid in cash  No other transactions occurred during the year  Currency exchange rates for 1 dinar follow  April 1 , 2 0 2 3 January 1 , 2 0 2 4 May 1 , 2 0 2 4 June 1 , 2 0 2 4 December 3 1 , 2 0 2 4 Required  a   Assume that Zugar is a foreign subsidiary of a U   S   multinational company that uses the U   S   dollar as its reporting currency  Assume also that the dinar is the subsidiary's functional currency  What is the translation adjustment for this subsidiary for the year 2 0 2 4   b   Assume that Zugar is a foreign subsidiary of a U   S   multinational company that uses the U   S   dollar as its reporting currency  Assume also that the U   S   dollar is the subsidiary's functional currency  What is the remeasurement gain or loss for 2 0 2 4   c   Assume that Zugar is a foreign subsidiary of a U   S   multinational company  On the December 3 1 , 2 0 2 4 , balance sheet, what is the translated value of the Land account  On the December 3 1 , 2 0 2 4 , balance sheet, what is the remeasured value of the Land account  Note  Input all amounts as positive

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Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2 0 2 4 with three assets: cash of 2 0

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