fix punctuation errors and/ or grammar errors with out changing the meaning.

1. Although our revenues increased during June expenses rose at an alarming rate.

2. The SEC establishes rules that they require corporations to follow.

3. If we improve our financial ratios, investors would find our stock more attractive.

4. The physical flow of goods generally follow the FIFO pattern.

5. The future benefits provided by the bond is partly due to its high interest rate.

6. Ace Manufacturing should remember that they are allowed to expense the cost of certain property.

7. Many businesses use the accrual method of accounting it is approved by GAAP.

8. When the Board of Directors met in December the company showed a net loss of $5,000,000.

9. Neither the president nor the controller understand the new policy.

10. If the business changed to FIFO, it will follow GAAP guidelines.

11. During tax season all the firms are at their busiest for example, some accountants work over 80 hours a week.

12. Each inventory method has their own pros and cons.