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I need fast help in these questions, I have only 30 minutes, please help me fast, no need for lengthy explanations, just tell me correct
I need fast help in these questions, I have only 30 minutes, please help me fast, no need for lengthy explanations, just tell me correct answers
A Moving to another question will save this response Question 22 Which of the following most likely would be classified as a current liability? Dividends payable Bonds payable in 5 years Three-year notes payable Mortgage payable as a single payment in 10 years Moving to another question will save this response. Question 23 Which of the following statements is correct with respect to inventories? The FIFO method assumes that the costs of the earliest goods acquired are the last to be sold. It is generally good business management to sell the most recently acquired goods first Under FIFO, the ending inventory is based on the latest units purchased FIFO seldom coincides with the actual physical flow of inventory A Moving to another question will save this response. Question 24 The book value of an asset is equal to the Assets fair valueless its historical cost Blue book value relied on by secondary markets Replacement cost of the asset Asset's cost less accumlated depreciation Moving to another question will save this response
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