Widget Company is a small company with only a few employees Its line of business is to chase several items from a line of widgets and resale them to other companies The Company small shop with two rooms, one for sales and office work, and one for product receiving and ping. The company is owned by a group of investors and it is organized as a corporation Widget Company uses a straight-forward financial accounting information system Of course, Accra counting is used Other generally accepted accounting principles used are the $-Value LIFO of ping product inventory, FIFO for valuing supplies, the straight-line depreciation method for the cost of long-term assets to periods of use (half year of depreciation in year of acquit imposition), and earnings per share. Widget's fiscal year extends from January I through tuber 31 receivable is recorded at gross. The Allowance for doubtful accounts is computed at 2 ding accounts receivable The Office supplies inventory is valued according to FIFO. Widget Company is a small company with only a few employees Its line of business is to chase several items from a line of widgets and resale them to other companies The Company small shop with two rooms, one for sales and office work, and one for product receiving and ping. The company is owned by a group of investors and it is organized as a corporation Widget Company uses a straight-forward financial accounting information system Of course, Accra counting is used Other generally accepted accounting principles used are the $-Value LIFO of ping product inventory, FIFO for valuing supplies, the straight-line depreciation method for the cost of long-term assets to periods of use (half year of depreciation in year of acquit imposition), and earnings per share. Widget's fiscal year extends from January I through tuber 31 receivable is recorded at gross. The Allowance for doubtful accounts is computed at 2 ding accounts receivable The Office supplies inventory is valued according to FIFO