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blondinia [14]
3 years ago
9

The following journal entry would be made in a processing costing system when units that have been completed with respect to the

work done in Processing Department Z are transferred from Processing Department Z to Processing Department Y:
Work in Process, Department Y XXX
Work in Process, Department Z XXX
1. True
2. False
Business
1 answer:
dsp733 years ago
6 0

Answer: True.

Explanation: The journal entry would be made with processing cost system when the units would have been completed in respect to the work done. The statement is " true".

Processing cost system is used when nearly identical product are produced in mass. The process costing can be described as one method of assigning manufacturing cost to unit produced.

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Exercise 9-15A (Static) Using the current ratio to make comparisons LO 9-7 The following information was drawn from the balance
kiruha [24]

Answer:

a. 1.5  and 1.8

b. Montana

Explanation:

Below is the calculation for the current ratio:

a. Formula used, Current ratio = Current assets / Current liabilities

Current ratio of Kansas = 59000 / 40000 = 1.5

Current ratio of Montana = 78000 / 43000 = 1.8

b. The company that has a higher current ratio will have a greater likelihood to pay bills so Montana is the correct answer.

6 0
3 years ago
If someone stole from you ... and you stole it back ... would you technically still be stealing it ? .
dsp73

Answer:

yes that would still be stealing unless you where taking back what they stole from you but if you take a random thing that wasn't yours to begin with that would be stealing

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3 years ago
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Which of the following is included in the balance sheet? A. Revenue B. Salaries expense C. Utilities expense D. Accounts payable
Shkiper50 [21]
The answer is D. I hope it is correct
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3 years ago
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"Which of the following statements are TRUE? I New issues of Treasury Bills are generally priced at par II New issues of Treasur
Aleksandr [31]

Answer:

The remaining part of the question is:

Which of the following statements are TRUE?

I New issues of Treasury Bills are generally priced at par

II New issues of Treasury Bonds are generally priced at par, or at a slight discount to par

III New issues of Agency Bonds are generally priced at par, or at a slight discount to par

A. I only

B. III only

C. II and III only

D. I, II, III

Correct Answer:

C. II and III only

Explanation:

It is a fact that virtually all new issues of T-Bills are always sold at a discount to par value. These are original issue discount obligations, with the accrued value of the discount being the interest income earned on these securities.

<em>Treasury Bonds and Agency Bonds are issued at par or in most cases at a very slight discount to par, and make periodic interest payments.</em>

4 0
3 years ago
A farmer raises wheat and pays a portion of it as a tax that is collected by government agents and sent to a central storage fac
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Answer:

REDISTRIBUTION                      

Explanation:

Redistribution of assets and income can be defined as social mechanism like taxes, education, healthcare, government services, political reform, fiscal policy, confiscation, separation or tort rule is the redistribution of wealth and income from some persons to others.

The phrase's meanings differ, based on private experiences, political philosophies and limited statistical usage. In politics, it is often said, probably referring to supposed transfers of wealth from those with more to those who have less.

3 0
3 years ago
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