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pshichka [43]
4 years ago
15

Portside Watercraft uses a job order costing system. During one month Portside purchased $173,000 of raw materials on credit; is

sued materials to production of $164,000 of which $24,000 were indirect. Portside incurred a factory payroll of $95,000, of which $25,000 was indirect labor. Portside uses a predetermined overhead rate of 170% of direct labor cost. The journal entry to record the issuance of materials to production is:
Business
1 answer:
Nadya [2.5K]4 years ago
5 0

Answer:

One parent organism and no egg or sperm

Explanation:

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The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,00
Alisiya [41]

Answer:

Inventory should be increased by $3,500

Explanation:

Calculation for What adjustment to inventory should be made under IAS 2 after this event

Adjustment to inventory under IAS 2= 13,000 - 9,000- 500

Adjustment to inventory under IAS 2 = $3,500 Increased

Based on the above calculation the adjustment to inventory that should be made under IAS 2 after this event is that Inventory should be increased by $3,500.

8 0
3 years ago
In the past, the study of finance has included Multiple Choice bankruptcy. raising capital. All of the options mergers and acqui
Sedaia [141]

Before the current time, the study of finance has always included the section of acquisitions, raising capital, bankruptcy etc.

<h3>What is Finance?</h3>

Finance is like an umbrella of activities including banking, leverage, debt, credit, capital markets, funds, investments etc

Hence, before the current time, the study of finance has always included the section of acquisitions, raising capital, bankruptcy etc.

Hence, the Option C is correct because study of finance includes all the following option.

Read more about Finance

<em>brainly.com/question/25773057</em>

4 0
3 years ago
Real estate agent Nancy Biggens is printing new business cards to advertise her real estate services. She is a broker who owns h
hjlf

Answer:

Nancy Biggens, REALTOR®

Explanation:

Based on the information provided within the question it can be said that the only way that Nancy may not display her name would be like so, Nancy Biggens, REALTOR®. This is mainly due to the fact that she is not a Realtor and cannot state to be one without having a realtor license. Which is required by law, and in order to get one she needs to meet the states requirements and pass an exam.

7 0
3 years ago
The following information is reported for Kinney Corporation at the end of 2013.
nexus9112 [7]

Answer:

a. Compute the amount of retained earnings at the end of 2013.

With 621K in equip.     With 495K in equip.

                709.500 583.500

b what was its net income for 2013?

                                                  With 621K in equip.     With 495K in equip.

Net Income                                      628.500 502.500

Explanation:

                                  With 621K in equip.     With 495K in equip.

     

- Accounts Receivable $103,500  103.500  103.500  

- Supplies Inventory 40,500            40.500  40.500  

- Equipment 621,000 495,000   621.000  495.000

                              765.000         639.000

- Accounts Payable 49,500            49.500  49.500  

- Cash Common Stock 6,000       6.000  6.000  

- Retained Earnings ?                   709.500 583.500  

                                                  765.000 639.000  

Retainend earnings    

Begining                                             135000 135000

Cas Dividens                                      -54000 -54000

   

Retained earnings                             709.500 583.500

Net Income                                      628.500 502.500

4 0
3 years ago
Why do current and available balances sometimes show different amounts of money in the same account?.
mamaluj [8]

Answer: The available balance for your account may differ from the current balance because of pending transactions that have been presented against the account, but have not yet been processed.

Explanation:

6 0
2 years ago
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