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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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