Which of the following is an analytical procedure that should be applied to the income statement? Multiple Choice Obtain from the proper client representatives, the beginning and ending inventory amounts that were used to determine costs of sales. Compare the actual revenues and expenses with the corresponding figures of the previous year and investigate significant differences. Ascertain that the net income amount in the statement of cash flows agrees with the net income amount in the income statement. Select sales and expense items and trace amounts to related supporting documents.

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.