Assume you have no knowledge or experience converting foreign currency on financial statements, but you do know that the FASB Codification system includes guidance on foreign currency matters.

Which Accounting Standards Codification provides guidance on how translation adjustments impact net income and comprehensive income?

A) ASC 830-230-15-1

B) ASC 830-30-40-1A

C) ASC 830-30-50-1

D) ASC 830-30-45-12