accounting 307

Question 4: Think about the different types of financial statements you learned about in this unit (the income statement, statement of retained earnings, balance sheets, and statements of cash flow). If you were an investor, would you place more emphasis on any one particular financial statement? Why, or why not? Your journal entry must be at least 200 words. No references or citations are necessary.

Question 5: Assume you own a restaurant. Based on what you have learned in this unit, what inventory costing method would you prefer, and why? Your journal entry must be at least 200 words. No references or citations are necessary.

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