Zugar Company is domiciled in a country whose currency is the dinar. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S. dollar as its reporting currency. - Zugar begins 2017 with the following assets: cash of 20,000 dinars, accounts receivable of 80,000 dinars, marketable securities of 50,000, and land that cost 150,000 dinars when acquired on April 1, 2016. -On January 1, 2017, Zugar has a 170,000 dinar note payable, and no other liabilities. On May 1, 2017, Zugar sold inventory to a customer for 130,000 dinars, which was immediately paid in cash. -Zugar recorded cost of goods sold for the inventory, which was purchased back in April 1, 2016 for 90,000 dinars. - Inventory is recorded at cost. - No other transactions occurred during the year. - Assume that the U.S. dollar is the subsidiary's functional currency. - Assume the beginning balance at 1/1/2017 consists of 80,000 dinars. - What is the remeasurement gain or loss for this subsidiary for the year 2017? Zugar Company is domiciled in a country whose currency is the dinar. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S. dollar as its reporting currency. - Zugar begins 2017 with the following assets: cash of 20,000 dinars, accounts receivable of 80,000 dinars, marketable securities of 50,000, and land that cost 150,000 dinars when acquired on April 1, 2016. -On January 1, 2017, Zugar has a 170,000 dinar note payable, and no other liabilities. On May 1, 2017, Zugar sold inventory to a customer for 130,000 dinars, which was immediately paid in cash. -Zugar recorded cost of goods sold for the inventory, which was purchased back in April 1, 2016 for 90,000 dinars. - Inventory is recorded at cost. - No other transactions occurred during the year. - Assume that the U.S. dollar is the subsidiary's functional currency. - Assume the beginning balance at 1/1/2017 consists of 80,000 dinars. - What is the remeasurement gain or loss for this subsidiary for the year 2017