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Which of the following statements is true regarding the cumulative translation adjustment? Select one: A:...

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Accounting

Which of the following statements is true regarding the cumulative translation adjustment? Select one:

A: Changes in the cumulative translation adjustment are reported in the income statement at each statement date.

B: The cumulative translation adjustment account affects the amount of gain or loss reported upon the sale of a foreign subsidiary.

C: Changes in the cumulative translation adjustment account are added back in the computation of net cash flow from operating activities since they are non-cash income or expense.

D: The cumulative translation adjustment account is reported in accumulated other comprehensive income and is transferred into reported earnings when the transaction to which it relates affects reported earnings.

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