1.......Given the following information for an inventory item of the Scottsdale Corporation:

Cost	$102
Replacement Cost	$103
Estimated Sales Price	$133
Normal Profit	$6
Cost of Completion	$13

Using the LCNRV Rule, the proper inventory amount for the balance sheet is:

Select one:

a. $103

b. $102

c. $130

d. $124

e.120

2......Ending inventory is higher when FIFO is used than when LIFO is used:

Select one:

a. Always

b. Never

c. When prices rise during the period

d. When prices fall during the period

3.....At a lump-sum cost of $18,000, Obenauer Company recently purchased the following items for resale:

The appropriate cost per unit of ABC inventory is:

Select one:

a. $3.00

b. $ .80

c. $1.50

d. $3.75

e. $2.40

4.......The sale or transfer of accounts receivable to raise funds is:

Select one:

a. Discounting

b. Collateralizing

c. Pledging

d. Factoring

5......How does the combined declaration and distribution of a stock dividend affect Total Stockholders Equity and EPS? (assume a positive Net Income)

Select one:

a. No Effect, No Effect

b. Decrease, Increase

c. No Effect, Decrease

d. Decrease, No Effect

e. Decrease, Decrease

Please answer