111 Homework: Chapter 11 Homework Question 4, Problem 11-4 (book/static) Part 1 of 2 HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save Ganado Europe (D). Using facts in the chapter for Ganado Europe, assume that the exchange rate on January 2, 2016, in Exhibit 11.6 appreciated from $1.2000/ to $1.5000/. Calculate Ganado Europe's translated balance sheet for January 2, 2016, with the new exchange rate using the temporal rate method as shown in the popup window, a. What is the amount of translation gain or loss? b. Where should it appear in the financial statements? a. What is the amount of translation gain or loss? Enter a positive number for a gain and negative for a loss. (Round to the nearest dollar.) View an example Etext pages Financial calculator Clear all Check answer In