Can someone answer 2 questions.

1.

A

ssume

you

own

a

restaurant.

What

inventory

costing

method

would

you

prefer,

and

why?

Also,

include

a

discussion

as

to

whether

the

costing

method

you

would

use

for

your

accounting

records

would

follow

the

actual

flow

of

your

inventory.

2.

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

pa

rticular

financial

statement?

Why,

or

why

not

?

Boo

k used for questions 1 and 2 is

Miller

-

Nobles, T., Mattison, B., & Matsumura,

E. M. (2016).

Horngren's accountin

g

(11th ed.). Boston, MA: Pearson

.

1. Assume you own a restaurant. What inventory costing method would you prefer,

and why? Also, include a discussion as to whether the costing method you would

use for your accounting records would follow the actual flow of your inventory.

2. 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?

Book used for questions 1 and 2 is Miller-Nobles, T., Mattison, B., & Matsumura,

E. M. (2016). Horngren's accounting (11th ed.). Boston, MA: Pearson.