In general, if a foreign subsidiary with an exposed "net liability position"

translates its financial statements using the temporal method during a

period when the value of the foreign currency is appreciating against

the reporting currency, the firm will likely recognize a

Question $15$ options:

A$)$ Remeasurement gain in the income statement.

B$)$ Remeasurement loss in the income statement.

C$)$ Translation gain in the currency translation adjustment account in owners' equity.

D$)$ Translation loss in the currency translation adjustment account in owners' equity