Where are remeasurement gains or losses reported in the financial statements?

Remeasurement gains or losses are recognized in the income statement. These gains or losses occur when a foreign subsidiary's financial statements are translated from a foreign currency to the functional currency of the parent company and are adjusted to reflect changes in exchange rates. When the functional currency is not the same as the reporting currency, remeasurement occurs, and any resulting gains or losses impact the income statement in the period in which they are recognized. This is in line with the accounting standards that require such items to be reflected as part of the overall income or loss for the period, which affects net income. Other options relate to different aspects of financial reporting; for instance, other comprehensive income is reserved for certain types of gains and losses that do not affect net income at the time they occur, such as unrealized gains on available-for-sale securities.