In accordance with U.S. generally accepted accounting principles, which translation combination is appropriate for a foreign operation
Question:
....Method ...............Treatment of Translation Adjustment
a. Current rate .....................Other comprehensive income
b. Current rate .........................Gain or loss in net income
c. Temporal........................ Other comprehensive income
d. Temporal............................ Gain or loss in net income
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Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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