5. A company has inventory of 10 units at a cost of $10 each on June 1. On June 3, they purchased 20 units at $12 each. 12 units were sold on June 5. Using the FIFO perpetual inventory method, what is the cost of the 12 units sold that were sold: A. B. c. D. $120. $124. $128. $130. 6. When two clerks share the same cash register, it is a violation of which internal control principle? A. B. C. D. establish responsibility. maintain adequate records. insure assets. bond key employees. 7. Stockholders are interested in the ability of a company to: A. pay consistent dividends. B. appreciate in share price. C. survive over a long period. D. all of these answer choices are correct. 8. Brother Corporation's unadjusted trial balance includes the following balances (assume normal balance): Accounts Receivable..... Allowance for Doubtful Accounts. $204,000 3,200 Bad debts are estimated to be 4% of outstanding accounts receivable. What amount of bad debt expense will be company record in the income statement? A. B. c. D. $4,832 $4,960. $8,160. $8,288