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A gain resulting from translating foreign currency financial statements (local currency is functional currency) into U.S. dollars should be reported as: a. a stockholders' equity

A gain resulting from translating foreign currency financial statements (local currency is functional currency) into U.S. dollars should be reported as:

a.

a stockholders' equity adjustment from translation

b.

a deferred item in the balance sheet

c.

an extraordinary item in the income statement for the period in which the rates change

d.

an ordinary item in the income statement

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