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Gains from remeasuring a foreign subsidiary’s financial statements from the local currency, which is not the functional currency, into the parent company’s currency should be reported as a(n):
a. Deferred foreign exchange gain.
b. Other comprehensive income" and as a separate component of stockholders’ equity.
c. Extraordinary item, net of income taxes.
d. Part of continuing operations.
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Gains from remeasuring a foreign subsidiary’s financial statements from the local currency, which is...
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