Answer:
Gains from remeasuring a foreign subsidiary’s financial statements from the local currency, which is not the functional currency, into the parent company’s currency should be reported as a(n):_______
d. Part of continuing operations.
Explanation:
Gains from the remeasurement of a subsidiary's financial statements from the local currency to the parent company's currency should be reported as part of the continuing operations. It forms part of the current income. They are not deferred. It is translation adjustments that are reported as other comprehensive income, not gains from remeasurement. Remeasurement gains from a subsidiary's local currency to the parent's are also not extraordinary items.
Answer:
65000 units
Explanation:
Given:
Expected sales of product W in April = 60000 units
Expected sales of product W in May = 75000 units
Expected sales of product W in June = 70000 units
Inventory in hand at the end of each month = 40% of the next month's expected sale
Inventory expected at the end of the April = 40% of the expected sales in May
or
Inventory expected at the end of the April = 0.4 × 75000 = 30000 units
Therefore, the total units required in April = Expected sales of product W in April + Inventory expected at the end of the April
or
the total units required in April = 60000 + 30000 = 90000 units
Now,
Excessive production in March (inventory) = 25000 units
Hence, the units required to be produced in April = the total units required in April - Excessive production in March (inventory)
or
the units required to be produced in April = 90000 - 25000 = 65000 units
Answer:
selling expense
Explanation:
The cost which is charged to manufactured a product is known as product cost
Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost
In mathematically,
Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost
The indirect cost is also known as manufacturing overhead cost.
The cost which is charged to manufactured a product is known as product cost
The cost of goods purchased for the period is $90,000 having the required account balances .
<h3>Account balances </h3>
An account balance is the amount of money present in a financial repository, such as a savings or checking account, at any given moment. The account balance is always the net amount after factoring in all debits and credits. An account balance that falls below zero represents a net debt—for example, when there is an overdraft on a checking account. For financial accounts that have recurring bills, such as an electric bill or a mortgage, an account balance may also reflect an amount owed.
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