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The translation adjustment that results from translating the financial statements of a foreign subsidiary using the current rate method should be: O a. deferred and

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The translation adjustment that results from translating the financial statements of a foreign subsidiary using the current rate method should be: O a. deferred and amortized over a period not to exceed forty years O b. deferred until a subsequent year when a loss occurs and offset against that loss O c. included as a separate item in the stockholders' equity section of the balance sheet O d. included in the determination of net income for the period it occurs

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