Within which of the following would you find the inventory method(s) being used by a business entity?

A) Balance sheet.
B) Income statement.
C) Notes to the financial statements.
D) Headings of the financial statements.

Inventory Method

The approach or system used by a company to track and manage inventory, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).

Notes

A financial document representing an agreement for a borrower to pay back a lender according to specified terms, often detailing the interest rate, repayment schedule, and maturity date.

Balance Sheet

A financial statement that displays a company's financial position at a certain date, showing assets, liabilities, and shareholders' equity.