Cumulative Translation Adjustment Account

Cumulative Translation Adjustment Account

On a balance sheet, an account where a company reports fluctuations in exchange rates that have occurred since it acquired an asset in a foreign currency. CTA accounts exist because FASB No. 52 requires companies to report assets held in foreign currencies to be reported at their current exchange rates.
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The Company is reviewing certain accounting matters related to its cumulative translation adjustment account, which is a component of accumulated other comprehensive loss and will finalize and file its Form 10-Q once these matters are resolved.

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