Question: When using the current rate method, the translation adjustment from translating a foreign subsidiary's financial statements should be shown as An asset or liability (depending

When using the current rate method, the translation adjustment from translating a foreign subsidiary's financial statements should be shown as An asset or liability (depending on the balance) in the consolidated balance sheet A revenue or expense (depending on the balance) in the consolidated income statement A component of net asset in the consolidated balance sheet A component of cash flows from Accumulated Other Comprehensive Income in the consolidated balance sheet. Both choices and are correct

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