Answer: B
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Answer and Explanation:
The indication of the basic analysis and the debit credit analysis is as follows;
Date Basic Analysis Debit - Credit Analysis
Aug. 1 The asset Cash is increased; Debits increase assets;
the stockholders' equity account Debit Cash
Common stock is increased. $10,880
Credits increase stockholders' equity
Credit Common stock
$10,880
Aug. 4 The asset Prepaid Insurance Debits increase assets;
is increased; Debit Prepaid Insurance
the asset Cash is decreased. $ 1,500
Credits decrease assets;
Credit Cash
$ 1,500
Aug. 16 The asset Cash is increased; Debits increase assets;
the revenue Service revenue Debit Cash
is increased. $880
Credits increase revenues:
Credit Service revenue
$880
Aug. 27 The expense Salaries expense Debits increase expenses:
is increased; Debit Salaries expense
the asset Cash is decreased. $680.
Credits decrease assets:
Credit Cash
$680
Answer:
the cost per equivalent unit of conversion is $3.49
Explanation:
The computation of the cost per equivalent unit of conversion is as follows;
= Total conversion cost ÷ equivalent units
where
total conversion cost is $608,150
And, the equivalent units is
= 162,000 units × 100% + 34,500 units × 35%
= 162,000 units + 12,075 units
= 174,075 units
Now the cost per equivalent unit of conversion is
= $608,150 ÷ 174,075 units
= $3.49 per unit
Hence, the cost per equivalent unit of conversion is $3.49
This is the answer but the same is not provided in the given options
A stock-split journal entry would include? A memorandum notation. If a stock split happens, it is because an company's board of directors decided to increase the amount of shares outstanding. They do this by issue more shares of the company to current stock holders but at a lower price due to the increase in quantity.
Reformation would be most effective in the case of Fred and Wilma.
<h3>What is the contract?</h3>
A promise that is enforceable by law is a contract. The commitment could be to carry out or abstain from a certain action. A contract must be made by two or more parties who must agree to it, with one of them typically making a proposal and the others accepting it.
The contract will be reformed as this was an error that was made with regard to the amount of $44 instead of $4. Fred was at a mistake but the change is going to happen with the same cause.
When an error has been made in a compact, the tribunal has the equitable authority to reconstruct it to match the parties' real intentions.
Learn more about the contract, here:
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