It’s time to put what you’ve learned to the test, get all the questions right to pass this unit.
Q1.
There are two ways to eliminate intercompany payables and receivables.
Choose the correct answer.
A
True
B
False
Q2.
At ABC Corporation, you have translated currency and now you are ready to begin processing intercompany transactions. Intercompany matching and reconciliation should be performed before intercompany payables and receivables eliminations.