Question: A U . S . company owns an entity located in Denmark that is relatively self - contained and integrated with the local economy. The

A U.S. company owns an entity located in Denmark that is relatively self-contained and integrated with the local economy. The foreign company uses the krone in its daily operations. The U. S. company has calculated a $50,000 translation adjustment related to the foreign entity. How would the company report this adjustment in its consolidated financial statements?

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