Which item will be the same, regardless whether FIFO or LIFO is used? O a. Beginning Inventory O b. Ending Inventory Oc. Purchases O d. Cost of Goods Sold Oe. Gross Profit Comparing periodic LIFO and periodic FIFO, which method results in higher amounts of Cost of Goods Sold and Gross Profit in periods of rising prices? -S O a. on Cost of Goods Sold FIFO Gross Profit FIFO Cost of Goods Sold LIFO Cost of Goods Sold FIFO Cost of Goods Sold LIFO O b. O c. O d. Gross Profit LIFO Gross Profit LIFO Gross Profit FIFO The board of directors of Berweck Corporation declared a cash dividend on January 18, 2023, to be paid on February 18, 2023, to shareholders holding the stock on February 2, 2023. Given these facts, the date on which no journal entry is required is: O a. January 18 O b. February 18 O c. February 2 The year-end adjusting journal entry to record bad debts has what effect on the following? O a. Total Equity Decrease Total Assets Decrease Total Assets O b. Total Equity Increase Increase O C. Total Equity Total Assets No effect Decrease Total Equity Increase Total Assets No effect Total Assets Total Equity No effect No effect O d. O e