The Foreign-Currency Translation Adjustment Appears on The

question 61

Multiple Choice

The foreign-currency translation adjustment appears on the:

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

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Definitions:

Format Painter

A tool in many software applications that lets you quickly copy and apply formatting from one item to another.

Increase Decimal

A function in spreadsheet software that allows the user to display more decimal places for numerical data, enhancing precision.

Number Group

A cluster of numerical data or a category in mathematical operations that share common characteristics or operations.

Quick Analysis Tool

A feature in software that allows users to quickly access data analysis methods relevant to their data.