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