Determine if the account has a normal debit balance or credit balance: Sales Freight in Freight out Sales discount Purchases Inventory Cost of goods sold Purchase discounts Accounts receivable Allowance for doubtful accounts Bad debt expense Interest revenue Interest receivable Bank printing charge

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.

In some markets, the government regulates the price of utilities so that they are not priced out of range of peoples ability to pay. this is a example a/an