1.67 pts Question 48 Tryor Corporation owes for advertising which has already been run. When Tryor's accountant makes an adjusting entry to reflect this, advertising payable will be debited. O True O False Question 46 1.67 pts Ogden Inc., a retail company, located in U.S. sold products on account for 440,000 rupees on November 30 to International Inc., an Indian company. On the date of sale, one dollar was equal to 50 rupees. The amount will be paid in 60 days. On December 31, when Ogden prepares its financial statements, the exchange rate is 45 rupees to $1. At what amount should the account receivable be reported on the balance sheet dated December 312 O $8,800 O $440,000 O $9,778 O $22,000,000 Question 43 1.67 p The accounts receivable balance increases when allowances for doubtful accounts is credited. O True O False 3 Question 42 1.67 pts The difference between current assets and current liabilities is known as the working capital held by a company. O True O False