Question: please help me with this questions, i will give a up vote thanks. The inventory records for Radford Company reflected the following What is the

please help me with this questions, i will give a up vote thanks. thanks. The inventory records for Radford Company reflected the following What is

The inventory records for Radford Company reflected the following What is the amount of gross margin assuming the FIFO cost flow method is used? Multiple Choice $2,920 $4,020 $3,000 $3,420 On January 1 , Year 1 , the Niagara Corporation arranges a $6,000 line of credit with the Centennial Bank. It accepted the bank's offer of 1% above the prime rate with interest payments on December 31 of each year. All borrowings and repayments are to take place on January 1 of each year. Niagara begins its loan transactions with Centennial Bank by borrowing $2,000 on January 1 , Year. Which of the following answers shows the effect of this event on the financial statements? Multiple Choice Choice A Choice C Choice D Choice B

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