Refer to the information above. Under the FIFO cost flow assumption, the cost of these items to be included in inventory in the company's year-end balance sheet is:

Who is responsible for overseeing the financial reporting process of an organization?

A. The board of directors B. The audit committee C. The frontline managers D. The compensation committee

Which of the following statements is true with respect to a limited partnership?

A. A limited partner may not be an unsecured creditor of the limited partnership. B. A general partner may not also be a limited partner at the same time. C. A general partner may be a secured creditor of the limited partnership. D. A limited partnership can be formed with limited liability for all partners.