Question 16 5 pts The historical cost of Jahn Company's ending inventory was less than the not realizable value. The company uses FIFO Following US GAAP, which journal entry is required? No journal entry is needed debit Cost of Goods Sold and credit Sales debit cost of Goods Sold and credit inventory inventory and creat Cost of Goods Sold D Question 17 6 pts The market interest rate is also referred to as the coupontane Question 18 6 pts Which statement is FALSE? Preferred s hoes have the same as our ghts as common stockholders, unless annis taken m y Preferred too den receive dividends before the common stockholders only in the preferred to cumulative Preferred stockholders e ven before the common stockholders the corporation buidates Pred stooden V ends before the common stockholders