Methods used to account for transactions between companies in different nations when goods are received on one

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Methods used to account for transactions between companies in different nations when goods are received on one date and the invoice is paid on another date include:

a. Time-of-transaction method.

b. Time-of-settlement method.

c. Current-rale method.

d. a and b are correct.

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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