subject
Business, 16.08.2021 23:10 ceceshelby2635

As part of the end-of-year process, your client wants to see the balance of their Accounts Payable euro account, using the exchange rate as of the last day of the financial year. USD is the home currency. What is the best way to create this transaction?a) Create a Journal Entry, and update the Accounts Payable and Unrealized Currency Loss or Gain accountsb) Revalue the currency, then display the Balance Sheet showing unrealized gain or lossc) Create a bill or Vendor Credit for each vendor to revalue individual accountsd) These accounts will be updated automatically, based on the rate for that particular day

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
Intronix uses copy editors, computer graphics specialists, and java programmers to produce ads for magazines and the internet. the average new ad for magazines typically requires 180 hours of a copy editor's time and 135 hours of a computer graphics specialist's time, whereas ads produced for the internet require 35 hours of copy editor time, 195 hours of computer graphics time, and 60 hours of a java programmer's time. lassie food, a dog food manufacturer, has hired intronix to produce ads in the next four week. although currently it considers magazine ads 3 times more valuable than internet ads, it still wishes to have at least 2 of each produced within the next four weeks. intronix has assigned up to 3 copy editors, 4 computer graphics specialists, and 1 java programmer, each committed to work up to 70 hours per week on the project. how many of each type of ad should be produced to maximize the overall value to lassie foods
Answers: 3
question
Business, 22.06.2019 12:10
Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%
Answers: 1
question
Business, 22.06.2019 16:10
Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
Answers: 1
question
Business, 22.06.2019 18:00
In which job role will you be creating e-papers, newsletters, and periodicals?
Answers: 1
You know the right answer?
As part of the end-of-year process, your client wants to see the balance of their Accounts Payable e...
Questions
question
Mathematics, 19.11.2020 19:00
question
Arts, 19.11.2020 19:00
question
Chemistry, 19.11.2020 19:00
question
Chemistry, 19.11.2020 19:00
question
Chemistry, 19.11.2020 19:00
question
Social Studies, 19.11.2020 19:00