Answer:
a. Increase in accounts payable
Identification: O+
b. Payment of dividends
Identification: F-
c. Decrease in accrued liabilities
Identification: O-
d. Issuance of common stock
Identification: F+
e. Gain on sale of building
Identification: O-
f. Loss on sale of land
Identification: O+
g. Depreciation expense
Identification: O+
h. Increase in inventory
Identification: O-
i. Decrease in accounts receivable
Identification: O+
j. Purchase of equipment
Identification: I-
Answer:
Using the weighted-average method, the equivalent units of production with regard to direct labor were 132,500
Explanation:
Units % of Completion EQUP
Completed 110,000 100 110,000
Ending Work in
Process
<u> Inventory 45,000 50% 22,500</u>
145,000 132,500
Using the weighted-average method, the equivalent units of production with regard to direct labor were 132,500
This is the key feature of weighted average method. The number of equivalent units is calculated without making a distinction as to whether the activity occurred in the current accounting period or preceeding period.
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Answer: Will report a liability of $5000 for judgement debt and a claim of $11,000
Explanation:
The liability refers to the obligations of the firm which are certain is going to make payment as compensation.
The $5000 liability, although payment has not been made it's already Incurred by the company under the acural concept.
The claim of $11,000 is only probable and not certain even though amount and time of execution can be estimated, since it's not certain it will only be recorded as a claim in the goverments fund balance sheet.
The following are the responsibilities of every long-term care insurer in California except Provide enough business to solicit long-term care insurance.
<h3>The California Life and Health Guarantee does not cover which of the following?</h3>
The California Life and Health Guarantee Association offers security to all of these, with the exception of insurers.
<h3>What usually isn't covered by long-term care insurance?</h3>
In insurance that cover long-term care services, a few of the more frequent exclusions are as follows: Alzheimer's disease, senile dementia, and observable organic brain diseases are NOT excluded or limited by the policy because they are mental illnesses.
To Know more about insurance.
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