Which of the following statements is true regarding the cumulative translation adjustment? Select one: A:...
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Accounting
Which of the following statements is true regarding the cumulative translation adjustment? Select one:
A: Changes in the cumulative translation adjustment are reported in the income statement at each statement date.
B: The cumulative translation adjustment account affects the amount of gain or loss reported upon the sale of a foreign subsidiary.
C: Changes in the cumulative translation adjustment account are added back in the computation of net cash flow from operating activities since they are non-cash income or expense.
D: The cumulative translation adjustment account is reported in accumulated other comprehensive income and is transferred into reported earnings when the transaction to which it relates affects reported earnings.
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