Answer:
$400 million less ($176+$84)=$14 million
Explanation:
the percentage of completion method of accounting is more like of income statement because it is used to assess the companys performance and financial position
Answer:
$100, $700, $800
Explanation:
Calley Journal entries would include:
Debiting $100 to the cash account
Debit the $700 to the receivables account
Credit $800 to the revenue account
This follows the double entry rule that a credit in one account must correspond to at least one debit in another account.
We debit all asset accounts(receivables,cash) when increased and credit all liabilities account when increased. We credit all income account(revenue) when increased and debit all expenses account when increased.
The hunting plan can conclude where you are going hunting and the numbers to call if you are in danger
Answer: 62.5%
Explanation:
Equivalent units = Units completed and transferred out + percentage completed of ending inventory
14,800 = (1,100 + 14,000 - 800) + Percentage
14,800 = 14,300 + Percentage amount completed
Percentage amount completed = 14,800 - 14,300
Percentage amount completed = 500 units
Percentage = Ending equivalent units / ending inventory
= (500/800) * 100
= 62.5%
