Which of the following statements is true for the translation process (as opposed to remeasurement)? a. A translation adjustment can affect consolidated net income. b. Equipment is translated at the historical exchange rate in effect at the date of its purchase. c. A translation adjustment is created by the change in the relative value of a subsidiary's net assets caused by exchange rate fluctuations. d. A translation adjustment is created by the change in the relative value of a subsidiary's monetary assets and monetary liabilities caused by exchange rate fluctuations