The collector correctly informed what she should have, though she crossed the line when she started directly assaulting April's dad and asked for his personal information.
Answer:
The journal entry should be:
Dr Merchandise Inventory account 50,000
Cr Retained Earnings account 50,000
Explanation:
Since Oscar's merchandise inventory was understated by $50,000 because of the previous inventory method (LIFO), when the new method, FIFO, starts to be used then the merchandise inventory must increase by $50,000 as well as retained earnings.
Merchandise inventory is an asset account and it increases, therefore it should be debited.
Retained earnings is an equity account and it increases, therefore it should be credited.
The purpose of the section trouble brewing to help you find out what is going on with your system.
Answer:
Non-conforming zoning
Explanation:
Non-conforming is a type of variability in the zoning when a piece of land may be excluded from the current zoning decrees because of changes made by a previous owner or prior to an intended use by the present zoning decrees, in accordance with local law.
