on january 2 20×2 el limited established a subsidiary in mexico city mexico the subsidiary was named gc company and the cost of els investment was c

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Required
1. Calculate the exchange gains losses for the temporal and current- rate methods to be disclosed on the December 31, 20X2, SFP and SCI.
2. Translate the 20X2 SFP and SCI for GC assuming GC’s functional currency is the:
a) Mexican peso
b) Canadian dollar

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