Answer:
C: expensed in the period the product is sold
Explanation:
A product cost is the manufacturing costs that are accumulated on the product. Before the product is sold these product cost is shown in the current asset section on the balance sheet <em>as inventory valuation</em>.
In the period that the product is sold, the product cost are included in the cost of sales expenses<em> to determine profit from sale</em>.
Inflation is 110
<u>Explanation:</u>
The consumer price index is the ratio of the basket prices of the current year to the basket price of the base year multipliers by 100, this helps us to determine inflation
now, cpi in second year =
= 110
Answer:
Social responsibility: It is an ethical theory in which individuals are accountable for fulfilling their civic duty.
Social ethics: It refers to guidelines and principle if that group of people who decided to references to in order to be accepted.
Answer:a. Total common stock issued is 750 millions
b. In treasury is 109 million
c. Outstanding 750 million.
Explanation:
Issued shares referred to the total amount of authorised shares that has been issued to the public for subscription.
Treasury stock refers to parts of the issued stock that are held up for the ownership of the issuing company.
Outstanding stock refers to the total number of stock issued and fully paid for from the issued stock.