Miguel Corporation, a foreign subsidiary of a U. S. parent company, has one asset (marketable securities) and no liabilities. The functional currency for this subsidiary is the U. S. dollars. The marketable securities were acquired for 1,000,000 pesos when the exchange rate was $1=20 pesos. Consolidated statements are to be produced, and the current exchange rate is $1=25 pesos. Which of the following statements is true for the consolidated financial statements?
A. A positive translation adjustment must be reported.
B. No gain or loss will be reported.
C. A remeasurement gain must be reported.
D. A remeasurement loss must be reported.
E. A negative translation adjustment must be reported.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).