Remeasurement and subsequent translation of financial statements and hedging against a translation adjustment. Moser International, a U.S. corporation, acquired a 100% interest in Gilmore Enterprises,...

Remeasurement and subsequent translation of financial statements and hedging against a translation adjustment. Moser International, a U.S. corporation, acquired a 100% interest in Gilmore Enterprises, a foreign corporation, which manufactures avionic components. Although Gilmore accounts for its activity using foreign currency A (FCA), it has been determined that its function currency is foreign currency B (FCB). A forecasted condensed trial balance as of Gilmore’s year-end December 31, 2015, expressed in FCA, is as follows: