Giving back.
Copying.
Returning a favor.
Answer:
A : balance sheet only
Explanation:
In the given question, the truck was purchased on credit and the truck is a fixed asset that comes under the balance sheet only because in the income statement, the expenses and revenues are recorded whereas retained earnings records profit which is left to the company.
So, it affects the balance sheet only. As balance sheet records all types of assets and all types of liabilities plus shareholder equity.
The entry to record the transaction for materials requisitioned by the production department is to
Debit WIP $156,000
Credit Materials $156,000
Organization accountants should account for direct and indirect materials one after the other. The magazine entry for direct substances, this is, substances that can be without delay traced to merchandise, is a debit to the paintings in technique and a credit to the raw materials inventory accounts.
To file materials used in manufacturing, a debit for the value of raw substances is made to the WIP inventory account and a credit score is made to the raw substances account. Exertion fees are spilt between direct and indirect labor.
Learn more about transactions here brainly.com/question/1016861
#SPJ4
Answer:None of the above= 10% and 33.33%
Explanation:
Coverage ratio EBIT/Interest expenses
Change in numerator =3/30*100
Change in denominator= 2/6*100
Answer:
d. $29,580.
Explanation:
Note: The data in the question are merged together and they are first sorted and separated as given in the attached file before the question is answered.
Cost individually incurred by Maintenance = $25,500
Share of Payroll Department cost = $20,400 * (15/75) = $4,080
Total Maintenance Cost = $25,500 + $4,080 = $29,580.
Therefore, he total cost of operating the Maintenance Department for the current period is d. $29,580.
