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Minchanka [31]
3 years ago
5

Clarksen company uses a process costing system. the company requisitioned $93,000 of materials for department a and $67,000 of m

aterials for department
d. the entry to record the use of the direct materials by these two departments is:
Business
1 answer:
lisabon 2012 [21]3 years ago
8 0
The entry for Department A is $93,000 debit for work-in-process and $93,000 credit for raw material. The entry for Department D is $67,000 debit for work-in-process and $67,000 credit for raw material. A raw material requisition is a term for describing a request to use the direct material for the production process.
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The correct answer is:  [C]:  "coinsurance" .
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2 years ago
Lawton Company records business transactions in dollars and disregards changes in the value of a dollar over time. Which of the
GenaCL600 [577]

Answer: Monetary unit assumption

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In the given case, Lawton records transactions in dollars and disregards changes in value of dollars over time. Hence, we can conclude that Lawton is following monetary unit assumption.

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James Company began the month of October with inventory of $32,000. The following inventory transactions occurred during the mon
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Answer

The answer and procedures of the exercise are attached in the following archives.

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You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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3 0
3 years ago
Inventories held for sale in the normal course of business are classified in the balance sheet as?
Iteru [2.4K]

Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

<h3>What is meant by current liability?</h3>

This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.

Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.

Read more on Current liabilities here: brainly.com/question/28039459

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4 0
1 year ago
How did speculative investing weaken the stability of the stock market
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The main way in which speculative investing weakened the stability of the stock market was that it it led to high overvaluation of a company's worth, meaning that people began to divest quickly, leading to a run on the banks. 
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