True or False

____ 4. Under the LIFO method of inventory pricing, the ending inventory amount reflects the most recent acquisition costs.

____ 5. All account titles needed to complete the worksheet are found in the unadjusted trial balance.

____ 6. In the balance sheet columns of the worksheet, the amount in the owner's capital account is generally not the same amount that appears as owner's capital on the balance sheet.

___ 7. On a worksheet, net income appears in the income statement columns as a credit and in the balance sheet columns as a debit.