Business, 05.02.2020 10:46, stacywashburnstu

The functional currency of bertrand, inc.’s irish subsidiary is the euro. bertrand borrowed euros as a partial hedge of its investment in the subsidiary. since then, the euro has decreased in value. bertrand’s negative translation adjustment on its investment in the subsidiary exceeded its foreign exchange gain on its euro borrowing. how should bertrand report the effects of the negative translation adjustment and foreign exchange gain in its consolidated financial statements?

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The functional currency of bertrand, inc.’s irish subsidiary is the euro. bertrand borrowed euros as...