The translation adjustment from translating a foreign subsidiary's financial statements should be shown as

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The translation adjustment resulting from translating a foreign subsidiary's financial statements is a component of stockholders' equity on the consolidated balance sheet. This adjustment represents the gains or losses resulting from fluctuations in currency exchange rates between the functional currency of the subsidiary and the reporting currency of the parent company. It is shown under the heading "Accumulated Other Comprehensive Income" or a similar heading in the equity section of the consolidated balance sheet. It is not shown as a revenue or expense since it does not represent gains or losses from the normal operations of the business. It is also not shown as an asset or liability since it is not a monetary item that can be readily settled. It is disclosed in the notes to the financial statements but is not part of the cash flows from financing activities.

The Translation Adjustment from Translating a Foreign Subsidiary's Financial Statements