Question
The translation adjustment from translating a foreign subsidiary's financial statements should be shown as... A.) An asset or liability (depending on the balance) on the
The translation adjustment from translating a foreign subsidiary's financial statements should be shown as...
A.) An asset or liability (depending on the balance) on the consolidated balance sheet.
B.) A revenue or expense (depending on the balance) on the consolidated income statement.
C.) A component of stockholders' equity on the consolidated balance sheet.
D.) A component of cash flows from financing activities on the consolidated statement of cash flows.
E.) an element of the notes that accompany the consolidated financial statements.
The answer is = C
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