Answer:
A) reclassifying period costs as product costs, means that the company will be able to move some of some costs forward in inventories that would have been recorded as current expenses. With current expenses reduced, the company and
will
Examples of period costs are
- Rent
- Office depreciation
- Office supplies, and
- Utilities
Gallanta actions are unethical. They amount to falsification of accounts and misrepresentation of facts both of which are illegal.
Cheers!
Answer:
7,000 units
Explanation:
The units which were transferred to the Finished goods inventory during the month of February is computed as:
Units transferred to Finished goods inventory = Started units during February + Started the month with units in process - Ended the month with units in process
where
Started units during February is 6,700
Started the month with units in process is 890
Ended the month with units in process is 590
Putting the values above:
Units transferred to Finished goods inventory = 6,700 + 890 - 590
Units transferred to Finished goods inventory = 7,590 - 590
Units transferred to Finished goods inventory = 7,000
Answer:
you may do like it
put your numbers instead of these. :)
Explanation:
Total Stockholders' equity is common stock plus excess of issue price over par plus retained earnings
($900,000 + $375,000 + $50,000 = $1,325,000)
Answer:
$213,500.
Explanation:
Retained earnings balance at the beginning of the year $ 166,000
- Cash dividends declared for the year 52,000
+ Net income for the year 99,500
Answer:
A decrease in inventory
Explanation:
Inventory refers to the finished goods that a company has in its warehouse, and are meant of sale. The value of inventory is recorded as a current asset. If sold on a cash basis, it converts to cash or account receivable if sold on credit.
A reduction in inventory signals that some sales transaction has happened. A sale contributes directly to the net come income of a business. Sales generate or increase cash to the business. Its a cash inflow in the cash flow statement. Reduction in inventory is, therefore, an indirect communication in the increase of net income.