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oksano4ka [1.4K]
3 years ago
9

For a journal entry with only two lines, the following entry is valid: Increase in a liability, Decrease in an Expense.

Business
1 answer:
kap26 [50]3 years ago
3 0

Answer:

B) false

Explanation:

A Journal Entry can be regarded as a

summary of both debits and credits of the transaction which is entered into the Journal.

For a journal entry with only two lines, ✓When there is increase in one of the Equity of the owner, then there will be decrease in Equity of the second owner.

✓ When there is an Increase in one Asset, there will be Decrease in a Liability.

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Which of the following is a mutually exclusive cost pool used in activity-based cost accounting? a. All of the answers are corre
VikaD [51]

Answer:

The correct answer is A: All of the answer are correct

Explanation:

ABC defines production as consisting of a variety of activities, and it assigns costs to those activities. An activity cost pool is an aggregate of all the costs associated with performing a particular business task, such as making a particular product. By pooling all costs incurred in a particular task, it is simpler to get an accurate estimate of the cost of that task.

Cost pool is created for those costs more closely aligned with the production of goods or services. It is very common to have separate cost pools for each product line. If production batches are of greatly varying lengths, then it has to consider creating cost pools at the batch level, so that it can adequately assign costs based on batch size.

To conclude, the creation of a cost pool and the subsequent assignment of costs will vary according to the length of production and the possibility to discriminate and assign costs.

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3 years ago
Name the non-partisan organization that has set the rules for U.S. presidential and
Oksi-84 [34.3K]

Answer:

The non-partisan organization that has set the rules for U.S. presidential and  vice presidential debates since 1987 is discussed below in details.

Explanation:

A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.

The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.

6 0
3 years ago
Bond valuation) ​Pybus, Inc. is considering issuing bonds that will mature in years with an annual coupon rate of percent. Their
Yuri [45]

I uploaded the answer to a file hosting. Here's link:

tinyurl.com/wtjfavyw

8 0
3 years ago
Norred Corporation has provided the following information: Cost per Unit Cost per Period $ 121,500 $ 44,500 Direct materials Dir
svetoff [14.1K]

Answer:

$134,300

Explanation:

The computation of total manufacturing  overhead is shown below:-

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= $1.60 × 8,000

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Total Manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead

= $12,800 + $121,500

= $134,300

So, for computing the total manufacturing overhead we simply applied the above formula.

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3 years ago
Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st
kipiarov [429]
I got to think about this again. Come back. later!! X=22.15
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