What is the logic behind the parent company's recognizing on its books its share of the translation

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What is the logic behind the parent company's recognizing on its books its share of the translation adjustment arising from the translation of its foreign subsidiary?

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Advanced Financial Accounting

ISBN: 978-0078025624

10th edition

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

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Question Posted: May 23, 2014 12:20 PM

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What is the logic behind the parent company's recognizing on its books its share of the translation

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Since the parent company controls the foreign subsidiary it logically must consolid...View the full answer

Advanced Financial Accounting

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