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IrinaVladis [17]
3 years ago
8

A company is selling used office equipment for $12,000.

Business
1 answer:
FromTheMoon [43]3 years ago
4 0

Answer:

ans-b

Explanation:

The ans is b, hope it helped you.Have a nive day

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Why an investor might choose to have less than 20% holding in a company if they could have more?
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Rogers Manufacturing's overhead at year-end was underapplied by $5,800, a small amount given the firm's size. The year-end journ
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Answer:

Date           Account Title and Explanation          Debit     Credit

XXXX          Cost of goods sold                            $5,800

                     To manufacturing overhead                            $5,800

             (Entry for unapplied overhead transfer to cost of goods sold)

3 0
3 years ago
One who buys, stores, and resells large quantities of goods
wel

Answer:

Merchant

Explanation:

They are profiters

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Supplies are assets until they are used. When they are used up, their costs are reported as expenses. The costs of unused suppli
mezya [45]

Question Completion:

Describe the accounting treatment of Supplies Expenses.

Answer:

Supplies Expenses are debited while the Supplies account is credited with the supplies expenses.

Explanation:

This accounting treatment of Supplies Expenses reduces the balance of the Supplies account by the amount of supplies used during the period.  Thus, what is left in the Supplies account is the cost of the unused supplies at the end of the accounting period.  The treatment also accords with the accrual concept, which requires that expenses are matched to the revenues that they generate in the period.

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