Accumulated foreign currency translation adjustments arising from translation of the financial statements of a foreign entity to the reporting currency from the functional currency are displayed in the:

Question

Quizplus · Accepted Answer

Accumulated foreign currency translation adjustments are reported in the stockholders' equity section of the entity's balance sheet. They are part of other comprehensive income and are not recognized in the income statement until the sale or liquidation of the underlying foreign operation.

Accumulated Foreign Currency Translation Adjustments Arising from Translation of the Financial