Under the current-rate method of translation, any gain or loss is known as a(n)________.

Question

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Under the current-rate method of translation, any gain or loss is known as the accumulated translation adjustment (ATA), which is reported as a separate component of equity on the balance sheet. This represents the difference between the current rate of exchange and the historical rate at which the assets and liabilities were initially recorded.

Under the Current-Rate Method of Translation, Any Gain or Loss