For each of the items listed below, when the foreign currency strengthened relative to the U.S. dollar during the year, what is the effect on the cumulative translation adjustment (assuming a credit balance at the beginning of the year). Net IncomeDividends DeclaredA)DecreaseIncreaseB)IncreaseDecreaseC)DecreaseDecreaseD)IncreaseIncrease
A. Option A
B. Option B
C. Option C
D. Option D
Answer: B
Business
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