Bowman Company reported translation adjustments in its stockholders’ equity section of $2,000,000. These adjustments were added to the other items…
Bowman Company reported translation adjustments in its stockholders’ equity section of $2,000,000. These adjustments were added to the other items disclosed in Bowman’s stockholders’ equity. Bowman’s translation adjustments resulted from its 80% interest in the capital stock of a Danish subsidiary. Based upon the facts presented, which of the following statements is true?
