Answer:
<u>debited</u>
Explanation:
Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.
When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.
As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:
Wilma's Capital A/C Dr. $45000
To Cash A/C $45000
For the remaining balance, Wilma shall be paid in cash as follows,
Wilma's Capital A/C Dr. $5000
To Cash A/c $5000
(Being settlement of a retiring partner's capital account being recorded)
Answer:
Correct option is D.
<u> $200,500
</u>
Explanation:
Manufacturing overhead = [($651,000/217,000) × $25,000] + [($417,000/834,000) × $29,000] = $89,500
Total cost associated with Job. No. 432 = $57,000 + $54,000 + $89,500 = $200,500
Answer:
Corporation- a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Ps. Brainliest pls
I don’t know but you will get it
Answer:
It is more profitable to continue processing.
Explanation:
Giving the following information:
A company has inventory that cost $50,000. Its scrap value is $65,000. The inventory could be sold for $150,000 if manufactured further at an additional cost of $80,000.
Sell for scrap= 65,000 - 50,000= 15,000
Continue processing= 150,000 - 80,000 - 50,000= 20,000
