It controls the money supply inside a specific economy which helps decrease inflation and get the economy out of a recession if needed
Answer:
$1,017,400
Explanation:
Particulars Amount
Retained earnings December 31st, 2018 $858,000
<u>Prior period adjustment</u>
Depreciation expense error -<u>$42,600</u>
Adjusted retained earnings December 31st, 2018 $815,400
Add: Net income $220,000
Less: Dividend -<u>$18,000</u>
Retained earnings December 31st, 2019 <u>$1,017,400</u>
Answer:
The correct answer is: Manufacturing overhead.
Explanation:
Manufacturing overhead includes all the costs not related to labor or direct production materials related to the company's manufacturing operations in regards to the facility. These costs are untraceable and include depreciation of equipment, property taxes or rent of factory building.
Answer:
Explanation:
Find the workings in the attached