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7. The translation adjustment that results from translating the financial statements of a foreign subsidiary using the current rate method should be: included as a

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7. The translation adjustment that results from translating the financial statements of a foreign subsidiary using the current rate method should be: included as a separate item in the stockholders' equity section of the balance sheet. included in the determination of net income for the period it occurs. deferred and amortized over a period not to exceed forty years. deferred until a subsequent year when a loss occurs and offset against that loss. 9-9.5?\

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