Foreign currency translation adjustments arising from, Ask an Expert

Accounting

Foreign currency translation adjustments arising from translation of the financial statements of a foreign subsidiary are reported in:

a. stockholders' equity of the foreign subsidiary.

b. revenue or expenses of the foreign subsidiary.

c. consolidated net income of the parent company and the foreign subsidiary.

d. stockholders' equity of the parent company.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408440

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