Record the billing of customers for services performed

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Reference no: EM131445312

1. Due to _______, market forces should realign the cross exchange rate between two foreign currencies based on the spot exchange rates of the two currencies against the U.S. dollar.

forward realignment arbitrage

triangular arbitrage

covered interest arbitrage

locational arbitrage

2. The entry to record the billing of customers for services performed includes a

a. Credit to Accounts Payable.

b. Debit to Sales Revenue.

c. Debit to Cash.

d. Debit to Accounts Receivable.

Reference no: EM131445312

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