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in accordance with both IFRS and U.S. GAAP, choose what is the treatment of the translation adjustment under the Current Method? 1. it appears on

in accordance with both IFRS and U.S. GAAP, choose what is the treatment of the translation adjustment under the Current Method?

1. it appears on the Income Statement as a gain or loss

2. it appears on the Balance Sheet in the owners equity section.

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