Problem
Choose ONE of the problems
a. Describe a classified income statement. Be sure to address the classified income statement's four sections and the important financial relationships found within the statement.
b. The United States has a capitalistic economy. What is capitalism? Explain how the different inventory valuation methods affect a company's financial statements. Can the inventory valuation method chosen affect a company's ability to compete in a capitalistic economy? Please explain.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.