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4 years ago

When products held in inventory are sold:

Business

1 answer:

Elanso [62]4 years ago

3 0

Answer:

C.)Finished Goods Inventory is credited.

Explanation:

The journal entry at the time of product sold which are held in inventory is shown below:

Cost of Goods Sold A/c Dr XXXXX

To Finished goods inventory A/c XXXXX

(Being the product sold is recorded)

For recording this transaction, we debited the cost of goods sold and credited the finished goods inventory account so that the correct posting could be done

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The adjusted trial balance includes things like accrued revenues that weren't yet recorded, depreciation, unearned revenues and more.

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4 years ago

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Answer:

The correct answer is sensory.

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3 years ago

A company has preferred stock with a current market price of $18 per share. The preferred stock pays an annual dividend of 4% ba

scZoUnD [109]

Answer:

Answer:

Dividend (D) = 4% x $100 = $4

Current market price (Po) = $18

Flotation cost (FC) = $1.50

Tax rate (T) = 40% = 0.40

Kp = D

Po-FC

Kp = $4

$18-$1.50

Kp = $4

$16.5

Kp = 0.24 = 24%

Explanation:

Cost of preferred stock equals dividend divided by the difference between current market price and flotation cost. Cost of preferred stock is not tax deductible.

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The standard deviation of a two asset portfolio with a correlation coefficient of .35 will be _______________ the weighted avera

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The answer will be equal to!

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3 years ago