Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the journal entry for the following terms can be shown as follows:
Journal Entry
Work in process A/c Dr $156,000
To Material A/c $156,000
(Being the material requisitioned is recorded)
The journal entry has to be recorded for material requisitioned only, Hence option (B) is the correct answer.
Answer:
Mae's Music Shop retains responsibility to pay the Bank of Wallace even if School District 4 defaults on the note.
Explanation:
A contingent liability is merely a potential loss or a liability that may take place in the future that rely on the outcome of a future event. A contingent liability is not certain.
In the question, Mae's Music Shop sold some musical instruments on an outstanding balance to School District 4 and asked School District 4 to sign a note for the purchase. But since Mae's Music Shop needs money before the maturity of the note, they went to the Bank of Wallace and discounted the note.
Now in case of any contingent liability, if the note is dishonored, Mae's Music Shop is liable to pay to the Bank of Wallace for the money.
Thus the answer is ---
Mae's Music Shop retains responsibility to pay the Bank of Wallace even if School District 4 defaults on the note.
Answer:
the prices used in the calculations.
Explanation:
The real GDP erase the variations obtained by inflation in the annual prices.
Answer: (D) Suppliers
Explanation:
According to the given question, the organization using the various types of internal sources as it helps in developing the various types of new products ideas in the market.
The supplier is one of the common internal source in an organization as it helps the employees for encourage them for developing various types of new ideas and concepts.
The organization basically developing various types of new ideas by the formal research process and also through the development. Therefore, Option (D) is correct answer.