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2 years ago

Larned Corporation recorded the following transactions for the just completed month.

Business

1 answer:

aksik [14]2 years ago

3 0

Answer:Please see answers in explanation column

Explanation:

Journal entries for Larned Corporation transactions for the just completed month.

a)To record purchase raw material

Account titles Debit Credit

Raw materials inventory $80,000

Accounts payable $80,000

b To record raw material used

Work in process inventory $62,000

Manufacturing overhead $9,000

Raw materials inventory $71,000

C) To record labor paid

Work in process inventory $101,000

Manufacturing overhead $11,000

Cash $112,000

d To record manufacturing overhead

Manufacturing overhead $175,000

Accumulated depreciation-Equipment $175,000

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The answer is FALSE.

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3 years ago

Find the difference in height between the top of a hill 973 feet high and a crack caused by an earthquake 79 feet below sea leve

s2008m [1.1K]

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2 years ago

Those who are working are defined as_____ (one word) and those who are not working but actively seeking work are defined as____

Nat2105 [25]

Those who're running are described as hired and people who aren't running however actively in search of paintings are described as unemployed.

The required details for Unemployment in given paragraph

Unemployment, in keeping with the OECD now no longer being in paid employment or self-employment however presently to be had for paintings all through the reference period. Unemployment is measured through the unemployment rate, that's the range of those who are unemployed as a percent of the hard work force (the overall range of humans hired introduced to the ones unemployed). Unemployment and the fame of the financial system may be stimulated through a rustic thru, for example, financial policy. Furthermore, the financial authority of a rustic, along with the relevant bank, can have an impact on the supply and price for cash thru its financial policy. In addition to theories of unemployment, some categorizations of unemployment are used for extra precisely modelling the consequences of unemployment within side the financial system. Some of the principle styles of unemployment include structural unemployment, frictional unemployment, cyclical unemployment, involuntary unemployment and classical unemployment.

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8 months ago

On January 1, Year 1, Gallagher Corporation issued 400 comma 000 stock options for 400 comma 000 shares to a division manager.

masha68 [24]

Answer:

$1,000,000

Explanation:

Gallagher Corporation

Stock option × Option estimated fair value /Numbers of years

Stock option $400,000

Option estimated fair value $10

Numbers of years 4

Hence:

($400,000 × $10) / 4 years

=$4,000,000/4years

= $1,000,000

Therefore pretax compensation expense for year 1 will be $1,000,000

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2 years ago

An attempt to gain control of the firm by buying sufficient shares of the target firm in the marketplace is known as a ________

nikdorinn [45]

Answer:

d. hostile takeover; tender offer

Explanation:

The hostile takeover is the transaction of the merger in which the management of the firm i.e. targeted would not support and acquirer could attempt to gain the control for purchasing the enough shares. And this could be achieved via a tender offer

Therefore as per the given situation, the option d is correct

hence, the same is to be considered

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2 years ago