During a period of increasing inventory costs, which of the following inventory costing methods should be used by a company that intends to minimize its income tax expenses? specific identification weighted average first-in, first-out last-in, first-out Question 17 of 35 Question 19 The ending merchandise inventory for the current year is understated by S20,000. What effect will this error have on the current year's net income? The net income will be understated by $40,000 The net income will be overstated by $40,000. The net income will be overstated by $20,000. The net income will be understated by $20,000. Moving to another question will save this response. 3 points Save Ane Accounts Receivable has a balance of $35.000, and the Allowance for Bad Debts has a credit balance of 53,000. The allowance method is used. What is the net realizable value of Accounts Receivable before and after a $2,100 account receivable is written of $29,000; 529,000 $32,000; $32,000 $29,900: $29,900 S32,000, S29,900