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Match the following statements you can use every answer only One time! Time left 1:04:02 9 10 11 12 13 Net Book value Choose Net realizable (cash) value in a period of increasing prices. UFO Choose.. Produces the lowest net income FIFO assumption Requires two entries when a sales transaction occurs Requires one entry when a sales transaction occurs Pay within 3 days of the invoice date, and get a 5% discount Pay within 5 days of the invoice date, and get a 3% discount Cost minus accumulated depreciation Accounts receivable minus allowance for doubtful accounts LIFO assumption Produces the highest net income Choose In a period of increasing prices, FIFO Periodic inventory system Perpetual inventory system Choose . Cost of goods sold is from latest purchases Choose Cost of goods sold is from earliest purchases Choose . 3/5, net 30 Choose. 5/3, net 30 Choose