Dover Company owns 90% of the capital stock of a foreign subsidiary located in Italy.Dover's accountant has just translated the accounts of the foreign subsidiary and determined that a debit translation adjustment of $80,000 exists.If Dover uses the fully adjusted equity method for its investment,what entry should Dover record in order to recognize the translation adjustment?
Definitions:
Margin of Error
A statistic expressing the amount of random sampling error in a survey's results, indicating how much you can expect the survey results to reflect the views of the overall population.
Probability
The measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1.
Standard Error
Indicates the standard deviation of the sampling distribution of a statistic, most commonly the mean.
Standard Deviation
A quantification of how much a group of values diverges or spreads out.
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