Answer:
2. Credit equipment $100,000
3. Debit accumulated depreciation $60,000
Explanation:
When a company trades with another pieces of equipment gain or losses are recognized when there is commercia lsubstance. If not, then the trade-in equipment is posted as the net book value of the old equipment
In both cases, the old equipment is write-off thus:
credit equipment for 100,000
and debit accumualted overhead for 60,000
Now, we look at the option that matches this. The information about the new assets is insuficient as we aren't given information about whether or not thre is commercial substance
You should report the vendor for fraud and your boss for association with the vendor.
Answer:
The correct answer is letter "C": gradual adjustment.
Explanation:
Canadian anthropologist Kalervo Oberg (1901-1973) defined Cultural Shock as the process by which individuals culture crash against a new culture being introduced implying feelings such as anxiety, confusion, and impotence as a result of the cultural difference.
According to Oberg, there are four (4) stages in the Cultural Shock: <em>the honeymoon; the crises or cultural shock phase; the gradual adjustment and recovery phase; the adaptation, resolution or acculturation phase.
</em>
In the gradual adjustment and recovery phase, the foreign culture starts to make sense and negative reaction to the unusual decreases. Problems do not end in this stage but individuals react positively to them. The foreign language is learned during this phase.
Answer:
Work in progress inventory A/c
Explanation:
The journal entry to record the overhead cost applied is shown below:
Work in progress inventory A/c Dr XXXXX
To Factory overhead A/c XXXXX
(Being applied overhead is recorded)
For recording the applied overhead cost, we debited the work in progress inventory and credited the factory overhead account so that the correct posting can be done with the correct item
North Korea Nuclear testing. Since China is doing nothing to stop it, sanctions can be placed on China (maybe) and aid provided to Japan's defense department as well as south koreas.
