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:

Premiums

Money paid for insurance coverage.

Rebates

A partial refund to someone who has paid too much for tax, rent, or a utility. In marketing, it often refers to a refund given for the purchase of a product.

Short Lifespan

A short lifespan indicates a limited period during which an entity, product, or organism exists or is considered relevant.

Advertising Medium

Any platform or channel used to convey advertising messages to the target audience, including digital, print, broadcast, and outdoor.