Just the answers please

6.The inventory methods that result in the most current costs in the income statement and balance sheet are RAS3O Balance Sheet FIFO Income Statement FIFO a. FIFO LIFO LIFO LIFO LIFO FIFO b. C. d. 7.The following information is available for Lighten Company: $10,000 5,000 15,000 Sales Ending Merchandise Inventory Purchases $130.000 12,000 90,000 Freight-in Purchase Returns and Allowances Beginning Merchandise Inventory Lighten's cost of goods sold is a. $115,000. b. $110,000. c. $98,000. d. $95,000. 8. If ending inventory is understated, net income and assets will be Net Income a. Understated b. Overstated c. Understated d. None of the above. Assets Understated Overstated Unaffected 9.One of the two constraints in accounting is a. comparability. b. materiality. c. reliability. d. relevance. 10.The assumption that assumes a company will continue in operation long enough to carry out its existing objectives is the a. economic entity assumption. b. going concern assumption. C. monetary unit assumption. d. time period assumption. 11. A daily cash count of register receipts made by a cashier department supervisor demonstrates an application of which of the following internal control principles? a. Documentation procedures b. Segregation of duties c. Establishment of responsibility d. Independent internal verification