Answer: are: (1) which method should be used.
2) where should the resulting translation adjustment be reported in the consolidated financial statements.
Explanation:
The two major problems which are usually encountered when translation of foreign financial statements are concerned are,
a. What method should be used, he the method to be used is discussed and one agreed on.
b. Where should the adjustments arrived at be reported on the consolidated financial statements. were it should be reported and recorded down on the financial statements is also decided.
