The cumulative foreign currency translation adjustment (CTA) account appears on the balance sheet as a component of
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The cumulative foreign currency translation adjustment (CTA) account appears on the balance sheet as a component of accumulated other comprehensive income. The CTA account may have either a positive (credit) or negative (debit) balance. Discuss the financial implications when the CTA account balance is negative and when it is positive.
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Related Book For 
Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
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