Answer the following five accounting questions and submit

Answer the following five accounting questions and submit

Answer the following five accounting questions and submit.
1. The Income Statement is presented using the ________ method of accounting rather than presenting actual ________ flow.   Why is this important to know?

2. The ____ method of inventory costing generally results in the matching of current costs with current revenues and therefore produces higher-quality earnings.  How does this effect the presentation of Cost of Goods Sold?

3. The gross profit margin and ______ are complements of each other and the two percentages always add up to 100%. What method of data presentation do we use to show this breakdown and why is it important?

4. Why would an investor want to see segmental accounting income statement rather than the easier to read consolidated statement?
5. Explain EBITDA and why do we use it compared to net income?

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