Question 15 Which of the following are current assets? Select all that apply. Not yet answered Points out of 1.00 Flag question Select one or more: Cash with a negative balance O Cash with a positive balance Cash that will be used to close a plant in eighteen months O Cash and cash equivalents Restricted cash that will not be used within the upcoming year On March 1, 20X1, Kramer Company received a $1,000 invoice for goods it purchased from Fender Enterprises. The terms of the invoice were FOB destination, 3/10, n/45. Who pays for the shipping? Select one: O Kramer Company O Fender Enterprises True or False: Bearden Company uses the First-in-first-out (FIFO) inventory costing method. Because prices of goods purchased for resale are rising, its Cost of Goods Sold (COGS) will be lower than if it used the Last-in-first-out (LIFO) inventory costing method. Select one: This is a true statement O This is a false statement