The Foreign- Currency Translation Adjustment Appears on The

question 106

Multiple Choice

The foreign- currency translation adjustment appears on the:

• A)balance sheet as a contra- asset account.
• B)income statement as other income/expense.
• C)balance sheet as part of stockholders' equity.
• D)income statement as separate revenue account.

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Definitions:

Gray Matter

A major component of the central nervous system, consisting of neuronal cell bodies, dendrites, and unmyelinated axons, involved in muscle control and sensory perception.

White Matter

The part of the brain and spinal cord made up of myelinated nerve fibers, which is responsible for transmitting signals within the nervous system.

Cerebral Cortex

The outer layer of the brain, responsible for complex cognitive functions such as thought, language, and consciousness.

Crevices

Narrow openings or fissures, especially in a rock or wall, often resulting from the earth's movements or the process of weathering.