Common shares of XYZ Co. closed on the TSX yesterday at $15. Over the past month, the average price for these shares was $13. An analyst claims that such a share is really worth $20 and recommends buying it. The company has reported earnings per share of $1.50 in its most recent financial statements. Which of these values is the least subjective (Level 1) value for this share? Select ane: a. sin b. $20 c. $1:50 d. $15 An asset is not considered impaired if Select one: a. its carrying amount is greater than its recoverable amount. b. its carrying amount is less than its recoverable amount. c. its fair value is greater than its value in use. d. its fair value is less than its value in use. Which one of the following appears in both the income statement and balance sheet columns of a work sheet? Select one: a. Net income b. Merchandise Inventory c. Revenue d. Retalned Eatnings Which of the following statements related to periodic and perpetual inventory systems is true? Select one; a. Under a perpetual system, a physical inventory count is not required. b. Under a perpetual system, a Purehases account is used to keep track of inventory purchase transactions. c. Under a periodic system, the balance in the Inventory account should represent the inventory on hand. d. Under both a periodic and perpetual system, cost of goods sold as reported on the statement. of comprehensive income should be equal