hen using the current rate method, the translation adjustment from translating a foreign subsidlary's financlal statements should be shown as Multiple Choice An asset or llability (depending on the balance) In the consolidated balance sheet. A component of stockholders' equity in the consolidated balance sheet. A revenue or expense (depending on the balance) In the consolidated Income statement. An element of the notes which accompany the consolidated financlal statements. A component of cash flows from financing activities in the consolidated statement of cash flows