You will answer one of the two questions. The chosen question needs to be answered with an initial post of at least 250 words.
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.
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.
Instructions: Your initial response should be no less than 250 words. In-text citations and references may be in APA format I need at least 1 with a reference source.