When one has control over a partner's outcomes, no matter what the partner does, one exercises a form of power known as option b: fate control.
<h3>What does fate control mean?</h3>
The term fate control is known to be when a person has power over the circumstance in which a person or group is said to be facing.
Note that it is one where a person is said to have absolute control over the fate or the effect that will come out of any event or of another person or group.
Note that Fate control is seen only if the other's behavior plays no work in knowing the effect that are to be received.
Hence, When one has control over a partner's outcomes, no matter what the partner does, one exercises a form of power known as option b: fate control.
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Answer:
Debit Credit
Property plant and equipment (Plant) $1,965,166
Cash $1,965,166
Being the cost of construction of plant building
Explanation:
<em>According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of land includes all of the cost necessary to bring and make it ready for the intended use. </em>
The total cost of the plant = 451,000 + 31,900 + 47,156 + 1,349,900 + 85210
= $1,965,166
The journal entry
Debit Credit
Property plant and equipment (Plant) $1,965,166
Cash $1,965,166
<em>Being the cost of construction of plant building</em>
Answer: Credit to manufacturing overhead of $67000.
Explanation:
The journal entry to record the application of Manufacturing Overhead to Work in Process would be:
Debit Work in Progress $67000
Credit Manufacturing overhead $67000.
( To record the application of manufacturing overhead to work in process).
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