Which of the following arises because of the change in the equity of foreign subsidiaries that occurs as a result of changes in foreign currency exchange rates?

Question

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Foreign currency translation adjustment arises because of the change in equity of foreign subsidiaries that occurs as a result of changes in foreign currency exchange rates. Unrealized gains or losses on available-for-sale securities relate to changes in the fair value of such investments, while minimum pension liability pertains to pension accounting.

Which of the Following Arises Because of the Change in the Equity