Ar example of in accounting is the use of the rule as it relates to inventory valuation. That simply means that if a company paid one dollar for a waget and at a later date the price lell fifly cents, the lower of those two prices should be carried on the balance sheot, the resulting price fall should then be recorded on the income statement. If a company's financial statements violate the a. Transparency, "matching;" thansparency constraint, they could be fraudulent b. Periodicty: "smoothing eamings," periodioity c. Conservatismc "lower of cost or market"; conservatism d. Materiality, "net present valve," materiality QUESTION 41 Which of the following functions in Exoel allows you the user to find and lik data in one speeadsheot from another? a. VLOOKUP b. Fither c. Sorting d. the MAXfunction