Select a U$.$S$.$ based multinational company and locate its most recent SEC annual report.

For your Thursday posting, answer the following:

Determine whether the company$$s foreign operations have a predominant functional currency.

Determine the amount of re$-$measurement gain or loss, if any, reported in net income in each of the three most recent years. Present in gross dollars and as a percentage of net operating income.

Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign $($positive or negative$)$ of the translation adjustment in each of the three most recent years.

Determine whether the company hedges net investments in foreign operations. If so$,$ determine the type$($s$)$ of hedging instrument used.

If the company is required to use IFRS, how might reporting of foreign subsidiaries differ?

Use Disney.