6. A company statements becausethod of inventory valuation should be reported in the financial because of which quait of d. Comparability 7 A company company issuing its annual an example of which financial reports within one month of the end of the year is quality of accounting , 8. Neutrality means that information a provides benefits which are at least equal to the costs of its preparation at other points in time b. can be c. would have no impact on a decision maker d. cannot favor one set of interested parties over another 9. Which of the following is an implication of the going concern a The historical cost principle is credible a. c. The d. are justifiable and appropriate and significant All of these O. At December 31. 2017, Sue's Boutique had 1.500 gift certificates outstanding, which had customers during 2017 for seo each Sue's operates on a gross profit of 60% pertaining to the 1,500 o been sold to of its sales. What amount of should be deferred at December 31, 2017? b. $36,000 c $54,000 d. $90,000 Colaw Co. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Colaw year end. Data relating to salaries earmed in Last payroll was paid on 12/26/17, for the 2-week period ended 12/26/17 Overtime pay earned in the 2-week period ended 12/26/17 was $25,000 only at its December 31 2017 are as follows Remaining work days in 2017 were December 29, 30, 31, on which days there was no overtime The recurring biweekly salaries total $450,000 Assuming a five-day workweek, Colaw should record a liability at December 31, 2017 for accrued salaries of a $135,000 b. $160,000