A translation adjustment may be necessary when:
A. notes to financial statements are converted from one language to another.
B. foreign currency financial statements are converted to another currency.
C. consolidated financial statements are prepared.
D. hedging foreign currency.
Answer:B
A translation adjustment may be necessary when:
A. notes to financial statements are converted from one language to another. B. foreign currency financial statements are converted to another currency. C. consolidated financial statements are prepared. D. hedging foreign currency.