l Ultra.me 8:22 AM 85% Done 5 of 13 26. Cineo Enterprises has the following: Date Goods Available 1,000 4,900 Unit t Unit Cost For Sale Beginning Balance10010 Purchase 4/3 S/5 6/6 Purchase 12 350 200 1,100 15 GAFS Cineo Enterprise has 50 units on hand at December 31, the cost of the ending inv under the periodic FIFO method is a. $890 b. $780 ?. $760 d. $750 27. Hoo Ya Corporation issued a one-year, 10%, S200 000 note on August 31, 2016 expense for the year ended December 31, 2016 was a. $6,554 b. $6,667 c. $6,758. d. $7,254 8. The two fundamental qualities of useful information are a. verifiability and timeliness. b. relevance and faithful representation. c. comparability and flexibility d. understandability and consistency Characteristics associated with relevant accounting information are a. comparability and timeliness. b. predictive value and confirmatory value. c. neutral and verifiable d. consistency and understandability business pays weekly salaries of $35,000 on Friday for a five-day week end The adjusting entry necessary at the end of the fiscal period ending on a V a. debit Salaries and Wages Payable, $21,000; credit Cash, $21,000. b. debit Salaries and Wages Expense, $21,000; credit Cash, $21,000