medium · Financial Accounting accounting-cycle-financial-statements
In a consolidation where the subsidiary's local currency is its functional currency, what is the 'plug' figure called that balances the translated balance sheet, and where is it found?
- Cumulative Translation Adjustment; Stockholders' Equity
- Goodwill; noncurrent Assets on balance sheet
- Other Comprehensive Income; within Current Liabilities section
- Remeasurement Gain/Loss; reported in Net Income
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