Choose a U$.$S$.-$based company which has subsidiaries in foreign countries. Access the

company's most recent Form $10-$K$.$

Instructions:

Prepare a report based on the following requirements:

Do the company's foreign operations have a predominant functional currency?

Based on the three most recent comprehensive income statements, what is the

amount of re$-$measurement gain or loss reported in each year if there are any?

Based on the three most recent comprehensive income statements, what is the

amount of translation adjustment reported in each year if there are any? What is

the meaning of the negative or positive sign of the translation adjustment in each

year?

Does the company hedge net investments in foreign operations? If yes, describe

the type$($s$)$ of hedging method$($s$)$ used.

Provide your observations$/$ recommendations regarding the type$($s$)$ of hedging

method$($s$)$ the company has used or should have used. Provide your justification for

your opinions$/$ recommendations.