Answer:
The cost of goods sold for the year is $134,300
Explanation:
The cost of goods sold for the year = Beginning inventory + Merchandise Purchased - Ending inventory
Tuity Fruity Beverage Company's purchases $140 comma 700 and has beginning inventory 12 comma 600, ending inventory 19 comma 000.
Therefore:
The cost of goods sold for the year = $12,600 + $140,700 - $19,000 = $134,300
Answer: D. Product costs are expensed in the period the related product is sold
Explanation:
The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.
It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.
Answer:
d) credit to Paid-in Capital from Treasury Stock for $30,000
Explanation:
The entry for profit in sale of treasury stock is as computed below
Account Details Debit Credit
Cash (5000*20) $100,000
To treasury stock (5000*14) $70,000
To Additional paid in capital (5000*6) $30,000
The privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc
<h2>What is
privatization?</h2>
Privatization refers to process where a government business, operation, property becomes a privately-owned property, business etc
In conclusion, the privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc
Read more about Privatization
<em>brainly.com/question/1086126</em>
Answer:
Explanation:
Which of the following tasks are least likely to be part of the accountant's role in ... be done, which are technical, environmental, legal, operational, and sensible.
