Tyson Corporation bought raw materials on April 23, 2012 and also on July 2, 2012. Products produced in the months of May were sold in July. The firm uses FIFO to value its inventory. According to the matching principle, the firm's accountant should associate:. 1. the inventory acquired on July 2 with the products sold. 2. the inventory acquired on April 23 with the products sold. 3. Neither of these dates is valid because the products were sold in July. 4. None of the above.

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

You wants to open a saving account.which account will grow his money the most

Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.