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irga5000 [103]
3 years ago
9

The accountant for Eric's Plumbing Equipment Company recently made a journal entry consisting of a debit to Work in Process and

a credit to Raw Materials Inventory. This entry recorded:
Business
1 answer:
lara31 [8.8K]3 years ago
5 0

Answer:

The use of raw material in the production process

Explanation:

The journal entry for recording the raw material used for the production process is shown below:

Work in Process Inventory A/c Dr XXXXX

        To  Raw Materials Inventory A/c XXXXX

(Being the raw material used for the production process is recorded)

For recording this transaction, we debited the Work in Process inventory account and credited the Raw Materials Inventory account

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The Petit Chef Co. has 10.4 percent coupon bonds on the market with seven years left to maturity. The bonds make annual payments
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Answer:

8.10%

Explanation:

For computing the YTM we have to applied the RATE formula that is shown on the attachment

Data provided in the question

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4 years ago
Emily got a new job that guarantees her a 6% raise every year. If she started out making $25,000, how long will it be before she
aleksley [76]

Answer:

17 Years

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3 years ago
Read 2 more answers
An officer participates in litigation against the CPA firm. This is an example of which type of threat to compliance with which
Shkiper50 [21]

Answer: An officer participates in litigation against the CPA firm. This is an example of Adverse interest.

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3 years ago
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