It’s time to put what you’ve learned to the test, get all the questions right to pass this unit.
Q1.
At ABC Corporation, you have quite a few intercompany transactions that need to be eliminated. Intercompany eliminations include which of the following?
Choose the correct answer.
A
Payables
B
Investments
C
Cash
D
Equity
Q2.
Your month-end closing tasks have to be completed in a specific order. For example, intercompany matching is run after currency translation.