Raw materials are goods that are for processing which will result in finished products which are for sale.
The raw materials inventory includes the metal of $13,000 and the cloth of $6,000 or a total of $19,000. The $2,000 cleaning supplies do not fall under the classification of raw materials, instead, this falls under prepaid supplies and later reclassified to supplies expense once consumed.
Answer:
In every corporation the one class of stock that represents the basic ownership interest is called. Common Stock. The residual interest in a corporation belongs to. The common stockholders. Additional paid in capital is not affected by the issuance
Answer:
The warranty expense is $50,532
Explanation:
the computation of the warranty expense is as follows;
= Warranty repairs per unit × Unit sales
= $12 × 4,211 units
= $50,532
By multiplying the warranty repairs per unit with the unit sales we can calculate the warranty expense
hence, the warranty expense is $50,532
A right or interest in land granted to a party to make beneficial use of the land owned by another is an : <u>easement</u>
<h3>What is an easement Victoria?</h3>
An easement is a right held by someone to use land belonging to someone else for a specific purpose. Common examples of easements are drainage, sewerage and carriageway easements.
<h3>What is an easement Australia?</h3>
An easement is a section of land registered on your property title, which gives someone the right to use the land for a specific purpose even though they are not the land owner. An example is a shared driveway.
To learn more about easement , refer
brainly.com/question/14368215
#SPJ4
Answer:b shred all mail with personal info before discarding it.