Answer and Explanation:
The journal entry is shown below:
Overhead $4,700
Cost of goods sold $4,700
(Being overapplied overhead is closed)
Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense
Answer:
Anne Mullens committed embezzlement.
Explanation:
Embezzlement is defined as misappropriation of funds by someone with whom funds have been entrusted.
It is a theft as the money does not belong to the perpetrator. The perpetrator is only entrusted with funds.
One of the conditions for embezzlement is an existence of a fiduciary (trust) relationship between parties.
In the given case, Anne Mullens pocketed $57 cash from recorded amount instead of recording 57$ customer's payment via check. Instead she included the customer's check in the money to be taken to bank.
This is embezzlement of funds by Anne.
Everyone might not be with you. People might be angry that if you go big you might take over there popularity. As an entrepreneur they needs lots of support and everyone might not be willing to give that support, entrepreneurs always going to have people against them. As an entrepreneur it’s takes lots of time so if you are willing to be one be PATIENT.!
The projects that bricks construction can do are :
- Lack of housing >> They can provide more houses that available for their workers
- Unemployment >> They could teach some finance/entrepreneurial skills to the individuals nearby
- Poor Education and training >> They could build some sort of education center for specific job
These gains and losses may be described or classified as either operating or nonoperating, depending on their relation to an entity's major ongoing or central operations.
<h3>What does Conceptual Framework say about profit and loss?</h3>
- The Exposure Draft proposed that, because profit or loss is the primary source of information about an entity's financial performance for the period, the framework should include a presumption that all income and all expenses will be included in that statement.
- The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations.
- Nonoperating are “other” gains and losses.
To learn more about Fasb gain and loss, refer
to brainly.com/question/24448358
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