The balancing amount that brings the dollar amount of total liabilities and stockholders' equity of a foreign subsidiary into agreement with the dollar amount of its total assets is the:

Question

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The foreign-currency translation adjustment is used to reconcile the differences that arise when converting a foreign subsidiary's financial statements into the parent company's reporting currency, ensuring that the total assets equal total liabilities and stockholders' equity.

The Balancing Amount That Brings the Dollar Amount of Total