Examples of Monetary Items That May Be Denominated in Foreign

question 14

Multiple Choice

Examples of monetary items that may be denominated in foreign currencies include:

• A) accounts payable and receivable, inventory, bank overdrafts.
• B) interest receivable and payable, loans, accounts payable.
• C) inventory, interest receivable, supplies, accounts payable.
• D) prepayments, loans, accounts payable, debentures payable.