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Time left Dover Company owns 90% of the capital stock of a foreign subsidiary located in Italy. Dover's accountant has just translated the accounts of

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Time left Dover Company owns 90% of the capital stock of a foreign subsidiary located in Italy. Dover's accountant has just translated the accounts of the foreign subsidiary and determined that a debit translation adjustment of $80,000 exists. If Dover uses the equity method for its investment, what entry should Dover record in order to recognize the translation adjustment? O a. Debit Other Comprehensive Income-Translation Adjustment for $80.000 and credit Investment in Italian Subsidiary for $80,000. b. Debit Investment in Italian Subsidiary for $72.000 and credit Other Comprehensive Income- Translation Adjustment for $72,000. O c. Debit Other Comprehensive Income-Translation Adjustment for $72,000 and credit Investment in Italian Subsidiary for $72,000. Od Debit Investment in Italian Subsidiary for $80.000 and credit Other Comprehensive Income- Translation Adjustment for $80,000

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