Question 9 (1 point) The managers of the Justice League receive performance bonuses based on the company's net income. Which inventory cost formula are they likely to favour in periods of declining prices? FIFO average cost They would have no preference. Need more information to answer. Question 10 (1 point) If a cheque correctly written and paid by the bank for $503 is incorrectly recorded on the company's books for $384, the appropriate treatment on the bank reconciliation would be to add $119 to the balance per books. deduct $119 from the balance per bank. deduct $119 from the balance per books. add $119 to the balance per bank