Answer:
$1,400,000
Explanation:
We are being told that: Cebrex Software which began a new development project in 2020 attained a technological feasibility on June 30, 2021, and was available for release to customers at the beginning of 2022.
The Development costs incurred prior to June 30, 2021 (i.e $3,200,000) are to be expensed in 2021 and not to be capitalized. Only the costs incurred after project reached technological feasibility are to be capitalized(i.e costs incurred from June 30 to the product release date which is $1,400,000).
Thus, the amount of Software be capitalized in 2021 is $1,400,000.
Answer:
imited supply of goods and services
Explanation:
The lack of products and services in any given economy should be solve using the economic system.
An economic downturn, usually characterized by a fall in the gross domestic product (GDP) and rising unemployment, is called recession. <span> If the economy declines significantly for at least six months then recession is declared. </span>This period is characterized with reduced trade and industrial activity.
Answer:
b. Debit Work in Process Inventory $160,000; credit Factory Payroll Payable $160,000.
Explanation:
In order to record the cost of goods manufactured, once the goods are finished, you add up all the work in process debits. The following journal entry would be:
Dr Finished goods inventory
Cr Work in process inventory (all added up)
In this case, since you are recording labor usage, you must also credit wages or payroll payable (that correspond to the amount of labor used to manufacture the goods).
Answer:
A
Explanation:
In international trading theory the absolute advantage is the capability to produce some good with the lowes cost of opportunity possible because that is the product which represents an advantage for a nation, the do not need to evaluate their production from other product so it is their identity.
