Publishers face the economy’s choices in products they want/need and on how the ways of selling it and where to sell it
Answer:
Explanation:
The journal entry is shown below:
Truck A/c Dr $4,500
To Cash A/c $4,500
(Being the truck is replaced for cash)
Since the truck is replaced so we debited the truck account and credited the cash account so that the correct posting can be done.
The replacement cost increase its useful life which is capitalized so we also debited the truck account
Answer:
$400,000
Explanation:
The compensation expense to be recognized in 2021 is portion of the options value for one year.
Total value of the options=200,000*$6=$1,200,000
Compensation expense per year=fair value of the options/vesting period
fair value of the options is $1,200,000
vesting period is 3 years
compensation expense per year=$1,200,000/ 3 years=$400,000
The $400,000 compensation expense is debited to compensation expense account and credited to paid in capital-stock options $400,000 for each of the vesting period until the paid in capital -stock options account balance becomes $1,200,000 at end of year 3
Answer:
B) Inventory Direct Materials, Direct Labour and Manufacturing overhead
Explanation:
In job costing, the determinants of cost are labour, material and overheads. A job order costing or job costing is a costing method used to cost jobs. Features of job order costing are:
1) It must be custom made that is, it must carry descriptions. This is usually based on methods.
2) Time frame is short.
3) The price for the job depends on the cost of material, labour and overhead.
The procedures of job order costing are; job identification, job description and job evaluation. Job evaluation involves the total cost of material, labour and overhead. Job identification involves tagging of the requirements needed for the job. While job description involves the necessary things to be done for the job to be completed.
<h2>
The right treatment will be</h2><h2>
Cash Account will be debited 36$</h2><h2>
Sales Revenue A/c will be credited 36 $</h2>
Explanation:
Because this is th case of rectification of undercast
So the same account will be debited and credited with the difference
which is less recorded
