Where is the translation adjustment reported in the parent company's financial statements?
A) Net loss in the income statement.
B) Cumulative translation adjustment as a deferred asset.
C) Cumulative translation adjustment as a deferred liability.
D) Accumulated other comprehensive income.
E) Retained earnings.

Question

Quizplus · Accepted Answer

The translation adjustment is reported in the accumulated other comprehensive income section of the equity in the parent company's financial statements.

Where Is the Translation Adjustment Reported in the Parent Company's