where is the disposition of a remeasurement gain or loss reported in the parent company's financial statements?

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15-11-2022
Business

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where is the disposition of a remeasurement gain or loss reported in the parent company's financial statements?

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AnkitaNagar AnkitaNagar · Answer 1 · 2022-11-19T05:38:13+01:00

The disposition of a remeasurement gain or loss reported in the parent company's financial statements is ----Net income/loss in the income statement

What's remeasurement in account?

Remeasurement is the procedure of re-establishing the value of an item or asset to give a more accurate monetary record of its value. Companies use remeasurement to report means that are estimated in a different currency on their fiscal statements.

Are gains and losses described on the income statement?

The income statement presents revenue, charges, and net income. The elements of the income statement involve profit; cost of trades; transactions, general, and executive expenditures; other operating costs;non-operating income and costs; revenue and losses;non-recurring particulars; net income; and EPS.

Learn more about income statement :

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