Indicare the answer choice that best completes the statement or answers the question, 1. Which of the following statements is true? a. The flow of inventory costs should match the physical flow of the merchandise. b. Accounting standards require that merchandise costs be specifically traced to units left in inventory and to units that have been sold c. Accountants have developed methods which make assumptions concerning how costs should be assigned to inventory and cost of goods sold. d. The choice of inventory cost flow assumptions has no effect on the amount of net income reported. Art Shoes This company received a promissory note from a customer on July 1, 2019. The face amount of the note is $45,000, the terms are 12 months and 10% annual interest 2. Refer to Art Shoes. How much interest revenue will the company recognize for the year ended December 31, 2019? a $ b. $9.000 c. $2,250 d. $4,500 0