Only for Q45 why is A

3,900 4,000 100 C. Cash.. Notes Payable Interest Expense 4,100 D. Notes Payable 4,000 100 Interest Expense 4,100 42. Which of the following would be considered true regarding the balance sheet? A. One can determine the true current value of a company by reviewing just its balance sheet The balance sheet reports assets at their fair market value as of a particular date A balance sheet shows only the ending balances of balance sheet accounts as of a particular date B. C. D. None of the above are true 43. Failure to accrue unpaid wages would not affect which one of the following financial statements? A. Balance sheet B. Income statement C. Retained earnings statement D. Cash flow statement 44. Accrued revenues recorded at the end of the current period A. often result in cash receipts from customers in the next period B. often result in cash payments in the next period C. are also called Unearned Revenues D. are recorded in the current year when cash is received 45, Generally, which inventory costing method approximates most closely the current cost for each of the following? FIFO LIFO A) B) c) D) LIFO FIFO FIFO A Option/5) B. Option B) C. Option C) D. Option D) 02018 Muriel Anderson. Reproduction of this material is probubited without the authoe's consent 46. Bubba Burger Corporation has $3.5 million in long-lived assets and has an accumulated depreciation account of S1.1 million. Which of the following statements is true