ACC305 Intermediate Accounting 1
Week 4 Discussion
DQ1 Cash Equivalents.
Read: Chapters 9 and 10.
Write: Make sure your response addressing the following question is more than 200 words and you include an in-
text citation or a brief quote from the reading material where appropriate.
Explain in your own words what the term cash equivalents means and provide two examples to illustrate your explanation.
DQ2 FIFO/LIFO Inventory
Read: Chapters 9 and 10.
Write: Make sure your response addressing the following question is more than 200 words and you include an in- text citation or a brief quote from the reading material where appropriate.
Explain the difference between the FIFO method of inventory valuation and the LIFO method. Which of these methods best approximates the physical flow of units for most companies? Explain.
