Business, 29.01.2020 05:42 babysune01
Match the following:
part a
1. posting
2. expense
3. debit
4. trial balance
5. equity
6. net income
7. receivable
8. chart of accounts
9. payable
10. journal
11. normal balance
12. ledger
part b
a. the cost of operating a business; a decrease in stockholders' equity
b. always an asset
c. side of an account where increases are recorded
d. lists a company's accounts and account numbers (no account balances in this item)
e. copying data from the journal to the ledger
f. assets - liabilities
g. revenues - expenses
h. lists all accounts with their balances
i. always a liability
j. record of transactions
k. left side of an account
l. the book of accounts and their balances
Answers: 2
Business, 22.06.2019 01:30
Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materialsââŹâpercent complete 100 % direct labor added 182,375 conversionââŹâpercent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)
Answers: 1
Business, 22.06.2019 04:00
You are thinking of making your mansion more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. each compact fluorescent light bulb costs $4 and saves you an average of $2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of $0.20 per year in energy costs.â your mansion has 150 light fittings and 3000 sq ft of uninsulated exterior wall. to impress your friends, you would like to spend as much as possible, but save no more than $750 per year in energy costs (you are proud of your large utility bills). how many compact fluorescent light bulbs and how many square feet of insulation should you purchase? how much will you save in energy costs per year? (if an answer does not exist, enter dne.)
Answers: 1
Business, 22.06.2019 12:40
Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalinaâs cost over its proportionate share of evanâs book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalinaâs financial records?
Answers: 2
Business, 22.06.2019 14:50
Pear co.âs income statement for the year ended december 31, as prepared by pearâs controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinnâs common stock, and no acquisition differentials are relevant. pearâs december 31 income statement should report income before taxes of
Answers: 3
Match the following:
part a
1. posting
2. expense
3. debit
4. tria...
part a
1. posting
2. expense
3. debit
4. tria...
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