Match each word or phrase with the best description of it. Periodic inventory system Ordinary expense Aging of receivables method First-in, first-out (FIFO) method Percentage of sales method Capital expenditures Match each of the options above to the items below. Procedures and policies implemented by the board of directors and management to minimize fraud, abuse, and error. An inventory costing method that assumes that the costs of the newest purchased goods are the first to be allocated to cost of goods sold. Expenditures that do not extend the useful life of the plant asset. Match each of the options above to the items below. Procedures and policies implemented by the board of directors and management to minimize fraud, abuse, and error. An inventory costing method that assumes that the costs of the newest purchased goods are the first to be allocated to cost of goods sold. Expenditures that do not extend the useful life of the plant asset. A generally more accurate method to estimate the amount of bad debt expenses. 2