Please answer these questions

QUESTION 2 The Purchases Discounts Taken account may appear in the accounting records if which one of the following methods is used to account for purchase discounts? net price method gross price method allowance method sales price method QUESTION 3 Rubric, Inc. provided the following inventory transaction summary for May 5/1 Purchased 200 units@$3.00 per unit 5/15 Sold 40 units 5/21 Purchased 300 unitsS5.00 per unit 5131 Purchased 40 units@S10.00 per unit In addition, it has been determined that Rubric's inventory at the beginning of the month was S400.00 (200 units). What was Rubric's cost per unit at the end of May, using the moving average method? S3.00 S2.00 S4.00 S6.00 QUESTION 4 Which of the following cannot be used as the current cost in dollar-valuc LIFO calculations? the cost of the first acquisitions in a year the cost of the last acquisitions in a year the cost of the acquisitions in the middle of a year the average cost of all acquisitions in a year QUESTION 5 Which one of the following is an advantage of LIFO? In periods of rising prices, less income taxes are paid. In periods of rising prices, more holding gains are reported in net income. Record keeping and financial statement preparation are easicr Conservative income statements and balance sheet disclosures result from falling prices