3 years ago

What is the connection between the Wheat Committee and the APB??

1 answer:

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<span>The Wheat Committee, an American study group on the establishment of accounting principles, was brought into being in 1971 in order to examine the operation of the Accounting Principles Board (APB) and to avoid governmental rule-making.</span>

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Assume that an economy produces only two goods, pizza and wings. Place the events in order, to show how an improvement in pizza-

marysya [2.9K]

The population of the animals would decrease but more chicken wings and pizza would be everywhere which is great Bc who doesn’t like pizza and chicken wings

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3 years ago

Read 2 more answers

Which of the following are examples of career clusters? Select all that apply. PLEASE HURRY

faltersainse [42]

Answer:

E, C, B

Explanation:

Those seem like they'd be Carrer clusters

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3 years ago

Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces sub

vekshin1

Answer:

a. 534.23

b. 23.21

c. $448.75

d. 16.26%

e. $1,346.22

Explanation:

PLEASE CHECK ATTACHMENT FOR COMPLETE SOLUTION AND STEP BY STEP EXPLANATION

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3 years ago

Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $374,000 and credit sa

IceJOKER [234]

Answer: The adjusting entry would be: Debit Bad debt expense $24,380; Credit Allowance for doubtful accounts $24,380.

Explanation: Since aging of the accounts receivable shows that 7% approximately of the outstanding receivable of $374,000 will be uncollectible. It then means $26,180 (7%*$374,000) will be uncollectible. Meanwhile, Tanning Company already has a credit balance of $1,800 in the allowance for doubtful accounts, therefore, an adjustment of $24,380 ($$2,180 - $1,800) has to be made.

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3 years ago

Matlock Company uses a periodic inventory system. Its beginning inventory consists of 50 units that cost $ 34 each. On June 3, t

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Answer:

Matlock Company

Journal Entries:

June 3: Debit Inventory $5,100

Credit Cash $5,100

To record the purchase of inventory.

June 15: Debit Cash $6,250

Credit Sales revenue $6,250

To record the sale of goods.

June 15: Debit Cost of goods sold $4,250

Credit Inventory $4,250

To record the cost of goods sold.

Explanation:

a) Data and Analysis:

June 3: Inventory $5,100 Cash $5,100

June 15: Cash $6,250 Sales revenue $6,250

June 15: Cost of goods sold $4,250 Inventory $4,250

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3 years ago