Answer:
$13,000
Explanation:
Calculation for what The ending balance of the Work in Process Inventory account for the Fabricating Department is:
Beginning Balance 10,000
Add Direct Materials 76,000
Add Direct Labor 24,000
Add Factory Overheads 12,000
(50% *24,000)
Less Work Transferred (109,000)
Ending Balance $13,000
Therefore The ending balance of the Work in Process Inventory account for the Fabricating Department is:$13,000
I had to look for the options and here is my answer. The one that is referred here for more than 50 percent of electrocutions by workers is due to the direct contact of ENERGIZED POWER LINES. This is based on OSHA or the <span>Occupational Safety and Health Administration. </span>
. The amount of the purchase cost that should be allocated to the land and building are as follows:
Land = $233,750
Building = $701,250
The company would not recognize a gain on the purchase but uses the appraised values to determine the costs to be allocated to the two assets.
c. Statements model:
Balance Sheet Income Statement Statement of
Cash Flows
Assets = Liabilities + Equity Revenue - Expenses = Net Income
Cash Land Building
($935,000) $233,750 $701,250 $0 - $0 = $0 ($935,000) IA
d. General Journal
Account Titles Debit Credit
Land $233,750
Building $701,250
Cash $935,000
<h3>Is a debit money in or out?</h3>
When your bank account is debited, money is taken out of the account.
The opposite of a debit is a credit, in which case money is added to your account.
Learn more about debit and credit here:
<h3>
brainly.com/question/14283668</h3><h3 /><h3>#SPJ4</h3>
Answer:
$3,000
Explanation:
Mark's basis at the beginning of the year = $3,000
Mark's share of Wick's income = $2,000 x 50% = $1,000
the distribution of the truck = $5,000
Mark's taxable income = basis - share of profits - truck's basis = $3,000 - $1,000 - $5,000 = -$3,000, so Mark has to report a $3,000 income from this distribution.
