Presentation 1 Presentation 2 Presentation 3 Balance Sheet - Presentation 1 commonstock $70,000 3385100K Inventory 5015 PPEE $90,000 Retained Earnings $90,000 OK Assets Liabilities \& Equity Presentation 1 Presentation 2 Presentation 3 Balance Sheet - Presentation 2 Presentation 1 Presentation 2 Presentation 3 Balance Sheet - Presentation 3 Required: 1. Which presentation represents the impact on the balance sheet if the company elects to use the FIFO method? 2. Which presentation represents the impact on the balance sheet if the company elects to use the Weighted-Average method? 3. Which presentation represents the impact on the balance sheet if the company elects to use the LIFO method? 4. If the owners of Lindy's main concern is the reduction of income taxes, which method are they likely to select? 5. If the Lindy owners' main concern is increasing net income, which method are they likely to select? Complete this question by entering your answers in the tabs below. Which presentation represents the impact on the balance sheet if the company elects to use the fIFO method? Required: 1. Which presentation represents the impact on the balance sheet if the company elects to use the FIFO method? 2. Which presentation represents the impact on the balance sheet if the company elects to use the Weighted-Average method? 3. Which presentation represents the impact on the balance sheet if the company elects to use the LIFO method? 4. If the owners of Lindy's main concern is the reduction of income taxes, which method are they likely to select? 5. If the Lindy owners' main concern is increasing net income, which method are they likely to select? Complete this question by entering your answers in the tabs below. Which presentation represents the impact on the balance sheet if the company elects to use the Weighted-Average method? Required: 1. Which presentation represents the impact on the balance sheet if the company elects to use the FIFO method? 2. Which presentation represents the impact on the balance sheet if the company elects to use the Weighted-Average method? 3. Which presentation represents the impact on the balance sheet if the company elects to use the LIFO method? 4. If the owners of Lindy's main concern is the reduction of income taxes, which method are they likely to select? 5. If the Lindy owners' main concern is increasing net income, which method are they likely to select? Complete this question by entering your answers in the tabs below. Which presentation represents the impact on the balance sheet if the company elects to use the LIFo method? Required: 1. Which presentation represents the impact on the balance sheet if the company elects to use the FIFO method? 2. Which presentation represents the impact on the balance sheet if the company elects to use the Weighted-Average method? 3. Which presentation represents the impact on the balance sheet if the company elects to use the LIFO method? 4. If the owners of Lindy's main concern is the reduction of income taxes, which method are they likely to select? 5. If the Lindy owners' main concern is increasing net income, which method are they likely to select? Complete this question by entering your answers in the tabs below. If the owners of Lindy's main concern is the reduction of income taxes, which method are they likely to seiect? Required: 1. Which presentation represents the impact on the balance sheet if the company elects to use the FIFO method? 2. Which presentation represents the impact on the balance sheet if the company elects to use the Weighted-Average method? 3. Which presentation represents the impact on the balance sheet if the company elects to use the LIFO method? 4. If the owners of Lindy's main concern is the reduction of income taxes, which method are they likely to select? 5. If the Lindy owners' main concern is increasing net income, which method are they likely to select? Complete this question by entering your answers in the tabs below. If the Lindy owners' main concern is increasing net income, which method are they likely to select? Tableau Dashboard Activity 5-1: Inventory Cost Flow Methods The owners of Lindy Corporation is asking for your help in making a determination as to how the three inventory methods FIFO, LIFO, and Weighted-Average, will impact the company's financial statements. To highlight how each of these methods impacts the financial statements three separate Tableau visualizations labeled Presentation 1. Presentation 2, and Presentation 3 have been provided to you below. You can see each presentation by selecting them from the top panel within the Tableau Dashboard. To assist the owner of Lindy Corporation, use the visualizations to answer the following questions. You are to assume that the company is currently operating in an environment of rising prices
