Answer:
A gain has a Credit balance and is shown on the Income Statement. C. A loss has a Debit balance and is shown on the Income Statement.
Explanation:
As we know that the revenues and gains contains the normal credit balance while on the other hand the expenses and losses contains the normal debit balance and both are reported on the income statement
The gain would be reported on the credit side of the income statement and the loss would be reported on the debit side of the income statement
So the same is relevant too
Answer:
$403,000
Explanation:
Calculation for what The unadjusted Cost of Goods Sold for the year was:
Finished goods inventory, 1/1 38,000
Add: Cost of goods manufactured 415,000
Goods available for sale 453,000
(38,000+415,000)
Less Finished goods inventory, 12/31 50,000
Unadjusted Cost of goods sold $403,000
(453,000-50,000)
Therefore The unadjusted Cost of Goods Sold for the year was:$403,000
Answer:
The total number of different ways in which the winners can be drawn is 720.
Explanation:
P (10,3) = 
= 
= 10(9)(8)
= 720
A computerized inventory system that simulates needed materials requirements for the finished a product, and then compares production needs to available inventory balances to determine when orders should be placed is the ________.
<span>materials requirement planning system</span>
