The Translation Adjustment That Results from Translating the Financial Statements

The translation adjustment that results from translating the financial statements of a foreign subsidiary using the current rate method should be:

A) included as a separate item in the stockholders' equity section of the balance sheet.
B) included in the determination of net income for the period it occurs.
C) deferred and amortized over a period not to exceed forty years.
D) deferred until a subsequent year when a loss occurs and offset against that loss.