The gain or loss on the effective portion of a U.S. parent company's hedge of a net investment in a foreign entity should be treated as:
A. other comprehensive income.
B. an adjustment to the retained earnings account in the stockholders' equity section of its balance sheet.
C. a translation gain or loss in the computation of net income for the reporting period.
D. an adjustment to a valuation account in the asset section of its balance sheet.
Answer: A
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Answer the following statements true (T) or false (F)
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