Question
The transaction gain or loss in the consolidated financial statements is reported as a foreign currency transition adjustment. In this case, since the transaction gain
The transaction gain or loss in the consolidated financial statements is reported as a foreign currency transition adjustment. In this case, since the transaction gain or loss is negative then it would be reported as a foreign currency translation loss in the consolidated financial statements. How would your answer differ if the loan to the foreign subsidiary of a long-term investment nature?
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International Accounting
Authors: Timothy Doupnik, Hector Perera
4th edition
77862201, 978-0077760298, 77760298, 978-0077862206
