(Answered) You will answer one of the two questions the chosen

Accounting

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.

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