Sentences with gain on translation
gain on trans·la·tion
G g - A gain on translation is recorded for a loan payable denominated in a foreign currency when the dollar has increased in value compared to the foreign currency.Companies using the current rate method generally show a gain on translation when the US dollar weakens and a loss when the US dollar strengthens.A gain on translation is the amount of money that is made by a company by converting another currency used in a transaction into the functional currency of the company.