translation Flashcards
1
Q
If this is a translation, a gain of $800 is reported in stockholders equity
A
if this is a remeasurement, a gain of $800 is reported on the income statement.
FAR > translation > Flashcards
If this is a translation, a gain of $800 is reported in stockholders equity
if this is a remeasurement, a gain of $800 is reported on the income statement.