Question: Rolle Compery fa US. based comparyh has a subsidiary in Nigerla where the locad curtency unit is ere nava (tACR) On December 3t. 2080, the

 Rolle Compery fa US. based comparyh has a subsidiary in Nigerla
where the locad curtency unit is ere nava (tACR) On December 3t.

Rolle Compery fa US. based comparyh has a subsidiary in Nigerla where the locad curtency unit is ere nava (tACR) On December 3t. 2080, the towsidiary had the following talance aheet inmourts are in thousands [000s] The subsidiary actured the inventocy on August 1, 2059, and the land and bulding in 2053 . it issued the common stock in 2011 . During 2020, the following transactions took piace: acze Taty. I paid ti bes, beg hos an the aote payabie. moy i fold antire investary for 16 , 1s0; 160 win an woount. June 1 tola land for 6 , 1000400 Mas cuah. Aue- I collected at1 accousta recetvable. oet. I Bought investory for 20,210,640, war raih. Ner. I Bosibt land for 3,010,000 was on thcoust, Dec.in keoprded depreelatien for the entire pear of 2,040 , 0as wis. The US dollar (5) eschange rates for 1NGN are as follown: Dee. I Deelazed and pala 3,050,000 jout eanh dividend to parant. The US dollar (\$) excharde rates for 1 NGN are as follows: a. Assuming the NGN is the subsidiary's functonal currency, what is the translation adjustment determined solely for 2020 ? b. Assuming the U.S.S is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for zo20? (input all amounts as positive. Enter amounts in whole dollars.) Rolle Compery fa US. based comparyh has a subsidiary in Nigerla where the locad curtency unit is ere nava (tACR) On December 3t. 2080, the towsidiary had the following talance aheet inmourts are in thousands [000s] The subsidiary actured the inventocy on August 1, 2059, and the land and bulding in 2053 . it issued the common stock in 2011 . During 2020, the following transactions took piace: acze Taty. I paid ti bes, beg hos an the aote payabie. moy i fold antire investary for 16 , 1s0; 160 win an woount. June 1 tola land for 6 , 1000400 Mas cuah. Aue- I collected at1 accousta recetvable. oet. I Bought investory for 20,210,640, war raih. Ner. I Bosibt land for 3,010,000 was on thcoust, Dec.in keoprded depreelatien for the entire pear of 2,040 , 0as wis. The US dollar (5) eschange rates for 1NGN are as follown: Dee. I Deelazed and pala 3,050,000 jout eanh dividend to parant. The US dollar (\$) excharde rates for 1 NGN are as follows: a. Assuming the NGN is the subsidiary's functonal currency, what is the translation adjustment determined solely for 2020 ? b. Assuming the U.S.S is the subsidiary's functional currency, what is the remeasurement gain or loss determined solely for zo20? (input all amounts as positive. Enter amounts in whole dollars.)

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