Answer:
d. Work in Process Inventory and Factory Overhead.
Explanation:
Direct labor is labor that is directly involved in the production process, for example a machine operator in a factory is supplying direct labor. So when recording direct labor we do so under work in process inventory as that is where the labour is applied.
Indirect labour is one that is not directly involved in the production process, for example office cleaners, building maintenance. Since their contribution is not directly impacting production, indirect labor is recorded under factory overhead.
Answer:
Explanation:
1.The ethical issues are bad faith and false statement. Sarahh's dishonesty may get her into problems for involving in deceptive activity, though it might be a mistake of some one else. The coalition of numbers will result into the mistake remaining and the equipment account misstated.
2. The share holders, the management, the employees etc. are the stakeholders
3. The following are Sarahh’s alternatives:
a) Sarahh could discuss the issue with the chief accountant, so that he can give a worthy insight might be given to locate the error
b) She could get the management informed about the divergence and make a request for few more days to identify and correct the error, so that a dependable and accurate financial statement can be issued.
c) Another alternative is for her to get the report issued only to the management for their consideration while the error is unaltered, and inform them that only few days will be required for the error to be identified and amended .
4. I would rather choose the third alternative (C). Reason being that once the management considers and approves the financial statements it is very sure that the error would be identified and also once they get aware of the divergence, they can take a financial decision with respect to the account mismatch.
Answer:
$300,800
Explanation:
First Calculate the proceeds from the issuance of the bond
Proceeds from bonds = Face value x Price rate = $320,000 x 106% = $339,200
Now calculate the fair value of the warrant issued
Fair value of warrant = Numbers of shares x Stock per bond x Market value of each Warrant = ( $320,000 / $1,000 ) x 40 x $3 = 320 x 40 x $3 = $38,400
Liability Portion = Procedds from bonds - Fair value of waarants = $339,200 - $38,400 = $300,800
The part of an AC generator in which the voltage is produced is known as an armature.
<h3>What is voltage?</h3>
Voltage refers to what makes electric charges move. It is the push that causes charges to move in a wire or other electrical conductor.
The part of an AC generator in which the voltage is produced is known as an armature. This component consists of coils of wire that are large enough to carry the full load current of the generator.
Learn more about Voltage here:
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