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3 years ago

A process costing system:

Business

1 answer:

adell [148]3 years ago

7 0

Answer:

C. uses a separate Work-in-process account for each processing department.

Explanation:

A process costing system -

The term of process costing system is used in the method of cost account .

Where it refers to the method to assign and collect the cost of the goods and services manufactured per unit , is referred to as the process costing system .

The method is very efficient and useful during the production of goods and services in large quantities .

The method is appropriate for different department , where each department is assigned a separate processing method i.e. , if in company there are three major departments , then each department is assigned a specific process costing system , which is specific for a specific department .

Hence , from the question ,

The correct answer is c.

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PtichkaEL [24]

Answer:

Income effect

Explanation:

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3 years ago

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suter [353]

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<u>Explanation:</u>

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3 years ago

Allowance for Doubtful Accounts has a debit balance of $2,300 at the end of the year (before adjustment). The company prepares a

Alina [70]

Answer:

d. Debit Bad Debt Expense, $34,200; credit Allowance for Doubtful Accounts, $34,200

Explanation:

allowance balance 2,300 debit

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We need to adjust the allowance to our estimated uncollectible account. Currently, it has 2,300 debit balance. We need to increase it to 31,900

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3 years ago

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KiRa [710]

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3 years ago

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Bond [772]

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2 years ago