[Tux]

From Wiley MCQ MISCE-0010 –

“Translation adjustments resulting from the translation of foreign currency statements should be reported separately as a component of “other comprehensive income” under one of three alternatives….”

I understand that the translation gains/losses are reported in OCI, but What are the 3 alternatives?

FAR - 86 - 2/27/14
AUD - 75 - 5/29/14
BEC - 80 - 8/31/14
REG - 89 - 2/27/15
Praise Jesus! I'm done!!

Study resources:
Becker
Wiley test bank

[Anonymous]

I had the same problem and I have no idea what the alternatives are. If you find out between now and Tuesday at noon, please let me know.

[Author]

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