prepared from the tatement of retained eamings unadjusted trial balance 2) Assets that are expected to be converted ID cashv sold er used up during the next 12 months, or within the normal operating cycle if the cyde islonger than year 3 Under which of the following categories would Accounts Receivable appear? D Long-term liabilities Rosewood earned revenues ods19000 and incurred expenses pfst.500.The owner made withdrawals of what the balance in theIncome Summary account after closing net income or lows no the A) debit balance of s19 000 B) credit balance of 500 credit balance of S14,500 so under which of the following inventory costing methods is the ending inventory based on costs of B) we C) last-in first-out D first-in, first-out 6) During a period of declining inventory costs, which of the following inventory costing methods should ts income tax expenses? pany that intends to minimize be used by a com A first in, first-out