Chapter 11, Problem 1.2E

To determine

Cumulative translation adjustment:

A balance-sheet entry required of companies with foreign currency-based assets to provide greater transparency in their reporting. Assets acquired in a foreign currency are required to be reported at current exchange rates so that it reflects actual gain or losses.

: Computation of cumulative translation adjustment balance as of December 31, 2015, is traceable to the year prior to 2015.