Which One of the Following Is a False Statement When $\frac { N \times ( N - 1 ) } { 2 }$

question 23

Multiple Choice

Which one of the following is a false statement when engaged in bilateral netting?

• A)Total inter-affiliate receipts will always equal total inter-affiliate disbursements.
• B)We can reduce the number of foreign exchange transactions among an MNC with N affiliates to \(\frac { N \times ( N - 1 ) } { 2 }\) or less.
• C)Each affiliate nets all its inter-affiliate receipts against all its disbursements.It then transfers or receives the balance,respectively,if it is a net receiver or payer respectively.
• D)all of the options

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Definitions:

Stock Ledger

A record keeping system that tracks the issuance, transfer, and ownership of a company's stock shares.

First-In, First-Out

An inventory valuation method where the first items purchased or manufactured are the first to be sold, impacting the cost of goods sold and inventory valuation.

Perpetual System

An inventory accounting system that continuously updates inventory records and cost of goods sold after each purchase or sale.

Factory Overhead

Refers to indirect manufacturing costs, including expenses related to operating the factory environment, such as rent, insurance, and salaries for administrative personnel.