W U -212018_1&course_id=_92122_1&conten Question Completion Status: Neither 1 or 2 QUESTION 4 The results from a translation are shown as other comprehensive income. Which of the following is the acceptable way to show other comprehensive income in the period it occurs? Include it on the income statement as a separate category under net income. Prepare a separate income statement showing other comprehensive income. Show in directly in the Statement of Changes in Stockholder's Equity All of the above are acceptable options. 1 and 2 are correct. QUESTION 5 Which of the following statements are false? 1. Gains and losses from a translation are classified as a foreign currency translation adjustment and are recorded as other comprehensive income II. Gains and losses from remeasurement are classified as a remeasurement gain and loss and are recorded as income/expense in the income statement OL Both I and II. are false. Both I. and I are true. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers QUESTION 7 Swiss Company is a subsidiary of Conglomerate Company (a US Company) and maintains its books in Swiss francs which is its functional currency. When Conglomerate Company translates its foreign subsidiary's financial statements into their reporting currency what method will they use.? The temporal method. The current rate method. The currentoncurrent method. The monetaryonmonetary method. The noncurrent rate method. QUESTION 9 For a foreign subsidiary owned by a US Company that keeps its books in the foreign currency and uses the US dollar as its functional currency, what translation method is required? Current/Noncurrent Method. Monetary/Nonmonetary Method. Current Rate Method. Temporal Method Indirect Method