Riggins Company accounts for its investment in Bostic Company using the equity method. During the past fiscal year, Bostic reported other comprehensive income from translation adjustments related to its foreign investments. How would this other comprehensive income affect the investors financial records?

Chapter 1, Questions #10

Riggins Company accounts for its investment in Bostic Company using the equity method. During the past fiscal year, Bostic reported other comprehensive income from translation adjustments related to its foreign investments. How would this other comprehensive income affect the investor’s financial records?

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