Why do different organizations use different inventory valuation systems? Provide examples of which types of organizations are best suited for valuation approach. Explain your choices.

What is the purpose of depreciation? Give some examples of items that can be depreciated and explain how they are depreciated.

What are the characteristics of short-term and long-term liabilities? What are some examples of each that you own? How do businesses account for at least two long-term liabilities?

What are the differences between preferred and common stock? Describe some situations when common stock is a better choice for investors.

Complete Exercises 6.4, 6.6, & 6.7.

Complete Exercises 7.5, 7.7, & 7.9.

Complete the following problems:

• Ch. 6: Problem 6.1A
• Ch. 7: Problems 7.1A & 7.3A

Complete Exercises 8.2, 8.5, 8.7, & 8.13.

Williams, J. R., Haka, S. F., Bettner, M. S., & Carcello. J. V. (2015). Financial & managerial accounting: The basis for business decisions (17th ed.).

ISBN-13: 9780078025778

Website: www.mhhe.com/williams_basis17e

All answers need to be in Microsoft Word Document like before