Answer:
Debit Land $94,000; credit Common Stock $62,000; credit Paid-In Capital in Excess of Par Value, Common Stock $32,000
Explanation:
Preparation of what The entry to record this exchange is:
Debit Land $94,000
Credit Common Stock $62,000
(6,200*$10)
Credit Paid-In Capital in Excess of Par Value, Common Stock $32,000
($94,000-$62,000)
(To record exchange)
Amazon. One of the largest online shopping websites in the world. The site is widely known for its wide selection of books, although the site has expanded to sell electronics, music, furniture, and apparel. ... Amazon was founded in 1995 by Jeff Bezos and is based out of Seattle, Washington.
The ending inventory of the previous period is the beginning inventory of the current period.
Beginning inventory is the amount of a product. A commercial enterprise has in stock at the start of an accounting length which includes a month or 12 months. due to the fact each accounting length connects to the subsequent, the beginning inventory of one length will be similar to the ending inventory of the previous.
Beginning inventory, or opening inventory, is your inventory cost at the beginning of an accounting duration. For that reason, finishing inventory, or last inventory is the cost of the stock at the top of an accounting duration.
Ending inventory is the value of goods nevertheless available for sale and held via a business enterprise at the end of an accounting length. The dollar amount of ending stock may be calculated by the usage of multiple valuation techniques.
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Answer:
C. WIP InventoryminusMolding
Explanation:
Crediting is the amount or the items leaving the account, so since the Molding inventory is the one letting go of things, this is in the positive part of the T graph, so since it is having a credit, since it is providing it, the C. WIP InventoryminusMolding is the one that is being credited, on the other hand you should debit the WIP InventoryminusColoring since it is the one receiving the products.
Answer:
C. Anchoring
Explanation:
The first price to be mentioned will have an effect on the perception of all future prices. If we start with $200, then $100 will seem cheap, but £1000 seem expensive. But if we start with $10, then $100 will seem expensive.
The anchor for a price perception may be found in the first price mentioned. It can also arrive in the mind of the purchaser, where the anchor may have been set by previous experience.
