Truth and false a. Once the weighted average inventory technique is utilized, the cost per unit of ending inventory and cost of goods sold differs. b In a given year, a corporation can employ LIFO for income tax reasons and FIFO for financial reporting. c. The inventory balance at the beginning of one accounting period becomes the inventory balance at the beginning of the following accounting period d.The cash-equivalent cost of an acquired asset is determined by adding any cash received to the current market value of the non-monetary consideration forfeited. In the case that this value cannot be determined, the current market value of the item received shouldn't be utilized instead e. Liabilities are measured by how much they would be worth in cash Multi choice: 10- Pink's investment in less than 2% of LCD's stock, which Pink expects to hold for three years and then sell, is what type of investment? A- Equity B-Available-for-sale C- Consolidation D- Trading