Period costs are O Always considered part of inventory Always recorded as an expense O Expensed only when the inventory is sold The same as indirect costs

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A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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A: Income Statement: One of a company's financial accounts, an income statement, commonly referred to…

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A: Formula: Acid-test ratio=Total current assets-Inventory+Prepaid expensesTotal current liabilities

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A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

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Q: improve both Net Income and

A: Increase in net income. 4000.                          Increase in sales revenue  4000.

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Q: fill in blanks

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Q: accrual accounting?

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.