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  3. 18 when consolidating a foreign subsidiary, which

18 When consolidating a foreign subsidiary, which of the following statements is true? Multiple Choice...

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Accounting

18
When consolidating a foreign subsidiary, which of the following statements is true?
Multiple Choice
Parent reports a cumulative translation adjustment from adjusting its investment account under the equity method.
Parent reports a gain or loss in net income from adjusting its investment account under the equity method.
Subsidiary's cumulative translation adjustment is carried forward to the consolidated balance sheet
Subsidiary's income/loss is carried forward to the consolidated balance sheet.
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