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Each of the statements on pages 1 and 2 of the accompanying supplement to this exam, describes one of the accounting terms listed in the table below. In the space provided in the table (to the left of the accounting term). indicate the capitalized letter by the description on the accompanying supplement which best describes the accounting term in the table (by placing the Capitalized Letter in the box to the left of the above term). Do not use a description for more than one accounting term Choose... Periodic inventory system Straight-line depreciation Accelerated depreciation Choose. Choose Lower of cost or market Choose Net realizable value Choose Choose Choose. Mark-to-market Net book value Research and development FIFO method Choose Choose Choose Choose Choose Choose Subsidiary ledger Accumulated depreciation Cash equivalents Allowance for doubtful accounts Inventory turnover Gross profit method LIFO method Choose Choose Choose Choose Gross profit Choose Average-cost method Choose Perpetual inventory system Financial asset Choose Each of the statements on pages 1 and 2 of the accompanying supplement to this exam, describes one of the accounting terms listed in the table below. In the space provided in the table (to the left of the accounting term). indicate the capitalized letter by the description on the accompanying supplement which best describes the accounting term in the table (by placing the Capitalized Letter in the box to the left of the above term). Do not use a description for more than one accounting term Choose... Periodic inventory system Straight-line depreciation Accelerated depreciation Choose. Choose Lower of cost or market Choose Net realizable value Choose Choose Choose. Mark-to-market Net book value Research and development FIFO method Choose Choose Choose Choose Choose Choose Subsidiary ledger Accumulated depreciation Cash equivalents Allowance for doubtful accounts Inventory turnover Gross profit method LIFO method Choose Choose Choose Choose Gross profit Choose Average-cost method Choose Perpetual inventory system Financial asset Choose R
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