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hello, I need help with 35, 36, and 37 please and thank you :) Question 35 The Inventory Costing System a company selects (FIFO, LIFO,
hello, I need help with 35, 36, and 37 please and thank you :)
Question 35 The Inventory Costing System a company selects (FIFO, LIFO, Weighted Average) affects: The Income Statement The Statement of Retained Earnings All of the other answers are impacted by this choice The Balance Sheet Question 36 2.5 Goods are shipped by Wholesome Company to Storage Company FOB shipping point on 12/30/18 and arrive at Storage Company on 1/5/19. Which company should have the inventory listed as an asset on their Balance Sheet at 12/31/2018? Both Wholesome Storage Neither Question 37 2.5 pts Swift company loans an employee $10,000 on September 1st, 2020 for one year. The interest rate is 6%. All principal and interest will be paid back on August 31st 2021. How much interest revenue should Swift report in their 2020 Income Statement? $200 $50 $0 $600Step by Step Solution
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