Question 1 (1 point) Saved Listen What is the effect of fluctuations in exchange rates on accounts payable? Deferred and amortized Deferred to maturity Recognized immediately in income Recognized if losses, deferred if gains Listen to this page Question 2 (1 point) 1) Listen Which of the following accounts would be translated to the reporting currency at the current rate of exchange for an integrated subsidiary? Sales occurring evenly throughout the year Deposits received from customers for services to be rendered Capital assets Inventory carried at market under the lower-of-cost-or-market principle