34. In a period when inventory costs are falling, the lowest taxable income is most likely reported by using the inventory method of A. FIFO B. LIFO. C. Moving average. D. Weighted average. Oswego Clay Pipe Company provides services of $46,000 to Southeast Water District #45 on April 12 of the current year with terms 1/15, n/60. What would Oswego record on April 12? 35, A Accounts Receivable 46,000 46,000 Service Revenue 46,000 B Accounts Receivable 45,540 460 Sales Revenue Interest Discounts 45,540 C Accounts Receivable 900 Sales revenue 45,540 460 D Accounts Receivable Sales Discounts 46,000 Sales revenue 6. Which of the following statements is true regarding the amortization of intangible assets? In recording amortization, an accumulated amortization account is always used. A