In foreign currency remeasurement, where are the gains and losses recorded?
Any gains or losses that arise from a subsidiary remeasuring its financials (foreign currency to functional currency) would be recorded to the income statement in the period that remeasurement occurs.

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What is foreign currency remeasurement?
Remeasurement focuses on converting foreign currencies into the subsidiary’s functional currency. Remeasurement is shown in step #1 in the visual below. A subsidiary would likely transact in multiple different currencies with 3rd party customers. However, the subsidiary needs to report in one currency, so it would remeasure its financials to present them in the functional...
What is foreign currency remeasurement?
Remeasurement focuses on converting foreign currencies into the subsidiary’s functional currency. Remeasurement is shown in step #1 in the visual below. A subsidiary would likely transact in multiple different currencies with 3rd party customers. However, the subsidiary needs to report in one currency, so it would remeasure its financials to present them in the functional...