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BSP Corporation Wrote a Check to RSR Corporation, One of Its

Question 32

Multiple Choice

BSP Corporation wrote a check to RSR Corporation, one of its vendors.On the remittance advice, BSP indicated which invoices it was paying.Which of the following statements is most true?


A) BSP Corporation uses the open invoice method.
B) RSR Corporation uses the open invoice method.
C) BSP Corporation uses the balance forward method.
D) If RSR uses the open invoice method, BSP must also use the open invoice method.

Correct Answer:

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