Which of the following is defined by readily available information that comes to a person's mind affecting a decision?

In a period of rising prices, the inventory method which tends to give the highest reported cost of goods sold is

a. FIFO. b. average cost. c. LIFO. d. none of these.

Which of the following best describes a capital budgeting post-audit?

A) an audit of an operating unit of a company B) an audit performed only at the end of the project's life span C) an analysis of an investment's cash flows prior to committing to the initial investment D) a comparison of actual results of capital investments with projected results