The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.
<h3>What is a journal entry?</h3>
Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.
In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.
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Answer: $962000
Explanation:
From the information given, the amount
that McCoy’s Fish House should record as the cost of the land will be:
Purchase price = $900,000
Add: Title insurance = $2000
Add: Back property tax = $8000
Add: Cost incurred to remove building = $45000
Add: Cost incurred to level the land = $10000
Less: Savage value of materials = $3000
Cost of land = $962000
Therefore, the cost of land is $962000
Answer: Mutual mistake
Explanation:
A mutual mistake in a contract is a situation that arises when the parties in a contract make the same mistake in reference to a significant fact in the contract. i.e., they are mutually ignorant of a fact of the contract.
Had they both known about that mistake, they might not have gone into the contract so the contract is voidable in this scenario.
Both Walker and Sheerwood were mutually mistaken about the fact that Rose was pregnant when they went into the contract so this contract is voidable by this theory.
The type of diversity issue that the case described was <u>E. age</u>.
<h3>What is age discrimination?</h3>
Age discrimination is a diversity issue that involves an employer treating its employees with less favor because of their age.
<h3>Answer Options:</h3>
a. r...
b. opinions and values
c. s.... orientation
d. g.....
e. age
Thus, in the lawsuit that Guido and Rankin brought against the Mount Lemmon fire district, the diversity issue was an age issue.
See the attachment for the complete question and answer options.
Learn more about workplace age discrimination here: brainly.com/question/7239617
