in comparing the current rate and temporal methods of translation, which of the following is true? a. the reported balance of accounts receivable is normally the same under both methods. b. the reported balance of inventory is normally the same under both methods. lo 10-2 lo 10-3, 10-4 final pdf to printer 518 chapter 10 hoy47821 ch10 479-538.indd 518 08/03/19 02:40 pm c. the reported balance of equipment is normally the same under both methods. d. the reported balance of depreciation expense is normally the same under both methods

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06-12-2022
Business

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in comparing the current rate and temporal methods of translation, which of the following is true? a. the reported balance of accounts receivable is normally the same under both methods. b. the reported balance of inventory is normally the same under both methods. lo 10-2 lo 10-3, 10-4 final pdf to printer 518 chapter 10 hoy47821 ch10 479-538.indd 518 08/03/19 02:40 pm c. the reported balance of equipment is normally the same under both methods. d. the reported balance of depreciation expense is normally the same under both methods

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anamta123ahmed anamta123ahmed · Answer 1 · 2022-12-13T12:58:33-05:00

This is the TRUE Statement. The reported balance of accounts receivable is normally the same under both methods.

Correct option is (A).

Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by using a enterprise for goods supplied or offerings rendered that customers have ordered however no longer paid for.

Accounts receivable (AR) are the balance of cash because of a company for items or offerings introduced or used however now not yet paid for with the aid of customers. money owed receivable are listed at the stability sheet as a contemporary asset. Any amount of money owed by means of customers for purchases made on credit is AR.

Accounts Receivable (AR) is the proceeds or fee which the company will acquire from its customers who've bought its goods & services on credit. commonly the credit score length is short starting from few days to months or in a few cases maybe a yr.

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