Answer:
the first option is the correct one
Answer: B. Revises comparative financial statements.
Explanation:
When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.
Consumer goods are those goods that are purchased and used by consumers. Consumer goods are not used by manufacturers to produce other goods. In essence, consumer goods are ready for use since they have been taken through the production and manufacturing. For a country to have consumer goods it must trade with other countries either to acquire raw materials or trade in consumer goods. This trade process contributes greatly towards the development of LDC economies into MDC status.
Based on the sales figure and the change in the accounts receivable balance, the amount of cash received from customers wa<u>s $14,300.</u>
<h3>What was the amount of cash received?</h3>
The accounts receivable balance refers to the amount that customers owe to the company.
This means that if the accounts receivable balance decreases by the certain amount, it would be because that amount was paid by the customers who owe the business.
The cash paid is therefore the amount of $14,300 which the balance reduced by.
Find out more on accounts receivables at brainly.com/question/24848903.
Answer:
the difference in value between a country's imports and exports.
is an accounting of a country's international transactions for a particular time period.
