Translation of Financial Statement Items

Global Corp is a multinational corporation headquartered in the United States, with subsidiaries located in various countries. To prepare consolidated financial statements, Global Corp must translate the financial statements of its foreign subsidiaries into U.S. dollars. For the current reporting period, Global Corp has decided to apply the current rate method for one of its subsidiaries located in Canada.

According to the current rate method, which of the following financial statement items is translated at the current exchange rate on the reporting date?