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Alchen [17]
2 years ago
11

Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price,

payable in installments. Under the UCC, this transaction is
Business
1 answer:
11Alexandr11 [23.1K]2 years ago
4 0

Answer:

A sales.

Explanation:

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.

In this scenario, Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price, payable in installments. Under the UCC, this transaction is a sales.

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During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on ac
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Answer and Explanation:

The journal entries are shown below:

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In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to
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In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one-year bank loan with a debit to cash and a credit to interest revenue. The most effective method for detecting this type of error is to Send a bank confirmation as of year-end.

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Learn  more about revenue here brainly.com/question/16232387

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