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romanna [79]
3 years ago
9

Which of the following is the correct journal entry to record manufacturing overhead incurred? Finished Goods Inventory xx Manuf

acturing Overhead Control xx Manufacturing Overhead Control xx Work in Process Inventory xx Manufacturing Overhead Control xx Cash or other Payables xx Work in Process Inventory xx Manufacturing Overhead Control xx
Business
1 answer:
Elden [556K]3 years ago
7 0

Answer:

Work in Process Inventory xx Manufacturing Overhead Control xx

Explanation:

Based on the information given WORK IN PROCESS INVENTORY in which overhead are applied are DEBITED and MANUFACTURING OVERHEAD are CREDITED while The actual manufacturing overhead as well as the overhead applied are adjusted at year end.

Therefore the correct journal entry to record manufacturing overhead incurred will be:

Dr Work in Process Inventory xx

Cr Manufacturing Overhead Control xx

(To record manufacturing overhead incurred)

will

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Explanation:

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In 2019, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the
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Solution:

The reporting unit's book value of $250 million meets the market value of $220 million.

Requirement 1:

Determination of implied fair value of goodwill:

Fair value of Center point, Inc.                                               $220 million

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Measurement of impairment loss:

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4 0
3 years ago
2.1: A debit is A : a decrease to an account. B : an entry on the left side of an account. C : an entry on the right side of an
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Answer:

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There are two terms i.e debit and credit.  

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While the account reported as a revenue, gains, liabilities & stockholder equity are recorded in the right-hand side of an account as it contains the credit balance.

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B/ <span>Cost of repainting the kitchen before moving in</span>
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