Answer:
a
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Answer:
They are reported on a balance sheet.
They refer to cash received in advance of performing a service or product. They are a liability.
They are also called deferred revenues.
Explanation:
Unearned revenue is a term in which the transactions that are related to the receiving of money could be considered for the service or product to be provided or delivered. It is as a prepayment
Also it is a liability account that should be recorded at the balance sheet. It is also known as deferred revenues
Answer:
a. release materials from the storeroom to the factory
Explanation:
A materials requisition is a common document in materials management. It is sent by the production department in order to request a certain amount of materials from storage to the manufacturing process. It is an important part of accounting documentation as bookkeepers need to see how much raw material was used in the manufacturing process.
Answer:
The answer is $758,000.
Explanation:
Net working capital is total current asset minus total current liability i.e total current asset - total current liability
Total current assets equals($918,000) $105,000 +$290,000 + $213,000 + $310,000.
Total current liabilities equal($160,000) $95,000 +$65,000
Therefore, net working capital is:
$918,000 - $160,000
= $758,000
