Choose a U.S.-based company (General Electric) that has

Choose a U.S.-based company (General Electric) that has subsidiaries in foreign countries. Access the company’s most recent Form 10-K. Instructions: Prepare a report based on the following requirements: 

1. Do the company’s foreign operations have a predominant functional currency? 

2. Based on the three most recent comprehensive income statements, what is the amount of re-measurement gain or loss reported in each year if there are any? 

3. Based on the three most recent comprehensive income statements, what is the amount of translation adjustment reported in each year if there are any? What is the meaning of the negative or positive sign of the translation adjustment in each year? 

4. Does the company hedge net investments in foreign operations? If yes, describe the type(s) of hedging method(s) used. Provide your observations/ recommendations regarding the type(s) of hedging method(s) the company has used or should have used.