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a. whe hock Orid A company made no adjusting entry for accrued and unpaid employee salaries of $7,500 on December 31 . Which of the following statements is true? Multipte Choice It will understate expenses and overstate net incorne by $7,500 It will understate assets by $7,500 It will understate net income by 57,500 If will overstate assets and liobiliter by 57500 in will have no elfect on incame. Using the following year-end information for Work-Fit calculate the acid-test ratio: Multiple Choice 0.32 0.41 0.52 0.73 0.82 Solmone Company repoited the following puichases and sabe of is only product Solmone uses a perpetial inventory system Determine ihe cost msigned to cost of goods sold using FifO Muthe Chaice 51474 \$1.44 53004 skino A company's inventory records report the following: Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice $220 $180 $330 $520 5850 and Bxsed on the obore weremstion, the amount that P Furiked swodd iepont in ending mwntoy on becembet at is 1305000 siscich sitisod Msreag a. whe hock Orid A company made no adjusting entry for accrued and unpaid employee salaries of $7,500 on December 31 . Which of the following statements is true? Multipte Choice It will understate expenses and overstate net incorne by $7,500 It will understate assets by $7,500 It will understate net income by 57,500 If will overstate assets and liobiliter by 57500 in will have no elfect on incame. Using the following year-end information for Work-Fit calculate the acid-test ratio: Multiple Choice 0.32 0.41 0.52 0.73 0.82 Solmone Company repoited the following puichases and sabe of is only product Solmone uses a perpetial inventory system Determine ihe cost msigned to cost of goods sold using FifO Muthe Chaice 51474 \$1.44 53004 skino A company's inventory records report the following: Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Multiple Choice $220 $180 $330 $520 5850 and Bxsed on the obore weremstion, the amount that P Furiked swodd iepont in ending mwntoy on becembet at is 1305000 siscich sitisod Msreag