Question
Under IFRS and U.S. GAAP, when the temporal method is used, how are translation adjustments treated in the consolidated financial statements? as gains or losses
Under IFRS and U.S. GAAP, when the temporal method is used, how are translation adjustments treated in the consolidated financial statements?
as gains or losses on the current period consolidated income statement
as prior period adjustments to retained earnings of the parent
as part of other comprehensive income on the consolidated balance sheet
None of the above
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R. Cornwall, David O. Vang, Jean M. Hartman
4th Edition
0765646854, 978-0765646859
