Answer:
Following are the journal entries to this question:
Explanation:
Date account title Dr. Cr.
Mar.2 Incorporation expense 
Common Stock (Par value
) 
Paid in excess of par- Common Stock 
(Bein 5000 common shares Of par value 
each issued )
June. 12 Cash 
Common Stock (Par value 
) 
Paid in excess of par- common stock 
(Being 63400 common shares of par value 
each issued for 
cash)
July-11 cash 
Preferred Stock (Par value 
) 
Paid in excess of par- Preferred stock 
(Being 2175 Prefered shares of par value 
each issued for 
each)
Nov. 28 Treasury Stock 
cash
(Purchased 2,350 shares of treasury stock for
).
Answer:
Explanation:
The following information can be derived from the question above:
The cost of the beginning work in the process inventory = $3,570
The cost of the ending work in the process inventory = $2,860
The cost that is added to the production = $43,120.
In the attached document, it should be noted that the cost of goods that were transferred out was calculated as:
The total cost to be accounted for minus the cost of the ending work in the process inventory. This is:
= 46690 - 2860
= 43830
The cost reconciliation report for the Baking Department for June has been solved and attached.
Answer:
- The first choice: <u>$536.</u>
Explanation:
<em>LIFO inventory method</em> implies that the last merchandise that entered was the first to leave the inventory.
Hence, the 200 units counted on June 30 correspond to the older merchandise. That is 150 units entered on June 1, for $390, and 50 units entered on June 10.
The cost of the 50 units entered on June 10 is:
- $585/200units × 50 units = $146.25
Then, the total value of the ending inventory on June 30 is $390 + $146.25 = $536.25.
Rounded to the nearest dollar, that is $536, the first choice.
Answer:
True or False. TRUE
Explanation:
The law "Sarbanes-Oxley Law" aims to generate a framework of transparency for the activities and financial reports of publicly traded companies, and give greater certainty and confidence to investors.
Answer:
A. Job satisfaction
Explanation:
Job satisfaction can be influenced by a number of significant factors. There may be motivation or lack of motivation according to the working conditions, such as job perception, management, organizational culture, reward system, etc.
There needs to be active management to analyze what are the main factors that affect job satisfaction in an organization, so that there is greater motivation, productivity, positive business climate, ethical behaviors, etc.
