Accounting is the process of _____, _____, and _____ economic events through certain documents or financial statements. Question 8 options: Recording, classifying, and reviewing Recording, reviewing, and summarizing Recording, classifying, and summarizing Recording, reporting, and summarizing

When the economy is experiencing sustained period of deflation, the MACRS method of depreciation is more favorable for a companies whose goal is to recover the cost of fixed assets more slowly so that its profits do not suffer.

Question 9 options:

	True
	False