Answer:
Total cost= $58,600
Explanation:
Giving the following information:
A company purchased new equipment for $53,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $2,300; sales tax paid $2,900; and installation cost, $3,300.
We will assume that the sales tax can be an exemption allowed by the state.
Total cost= 53,000 + 2,300 + 3,300= $58,600
Answer:
a.common stock.
Explanation:
The additional $10,000 of owners equity after listing on the stock market will be named as common stock. After listing company issues shares for capital investment in it. Common stock is the appropriate term used for every addition in the owners equity. So the correct option is a.common stock.
The true statements are:
- Raw materials inventory represents the cost of materials not yet used in production.
- When materials are purchased they are recorded in the Raw materials inventory account.
<h3>What are Raw materials?</h3>
Raw Materials are unprocessed materials used in the production of certain finished products.
In business accounting;
- The raw materials inventory is recorded as the cost of materials that are yet to be used in production.
- The materials purchased are usually recorded in the raw materials inventory account.
Learn more about raw materials here:
brainly.com/question/825024
The answer & explanation for this question is given in the attachment below.