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Which 2 statements are true about currency revaluations?(Select all that apply) They affect credit cards as an unrealized gain or loss They affect bank accounts

Which 2 statements are true about currency revaluations?(Select all that apply)

  • They affect credit cards as an unrealized gain or loss
  • They affect bank accounts as a realized gain or loss
  • They always affect accounts receivable as an unrealized gain
  • They always appear as adjusting journal entries
  • Amounts for Accounts Payable and Receivable lines in currency revaluations appear as $0.00

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