* Discuss whether or not you believe that LIFO is a fair inventory valuation method. * Looking to your neighborhood and businesses that you frequent, identify three different businesses and then state whether they would benefit most from the FIFO, LIFO or Weighted Average approach to accounting for their inventories. State a reason with your answer. * Discuss what procedures a company may take to reduce the chance of fraudulent employee activities. * If you became aware of fraudulent accounting activities in the company where you are employed, discuss what you would do about it, if anything, and state why