1) FIFO, weighted-average, and LIFO methods are often used instead of specific identification for…

1) FIFO,
weighted-average, and LIFO methods are often used instead of specific
identification for inventory valuation purposes. Compare these methods with the
specific identification method, discussing the theoretical propriety of each
method in the determination of income and asset valuation. Provide reference
for in APA Format and maximum of 300 words.

2) What are the major
factors considered in determining what depreciation method to use? How often
should you review these factors, and is it acceptable to change depreciation
methods periodically? Provide 250 words and provide reference in APA Format ‘

3) How does unearned
revenue arise? Why can it be classified properly as a current liability? Give
several examples of business activities that result in unearned revenues.
Provide reference in APA-Format and maximum of 250 words.

4)
When is revenue normally recognized? What condition should exist
for revenue recognition to be on the date of sale as opposed to some other time
in the future? Provide reference in APA-Format and maximum of 250 words.

1) Discuss the
advantages of leasing and if you would rather lease or buy. Provide reference
in APA-Format and maximum of 250 words.

2) As an investor,
would you be worried if the company you invested in continually restates its
financial statements to correct errors? Provivde reference in APA-Format and
maximum of 250 words.

3) Discuss the various
activities included in the Statement of Cash Flows. Which would you consider to
be the most important? Provide your reference in APA-Format and maximum of 250
words.

4)
Why are disclosures to financial statements so important? Provide
references in APA-Format and make it about maximum of 300 words

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