Answer:
A, B, C
Explanation:
Plant assets should be recorded at cost, including all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. This would include Taxes, Insurance in transit and Shipping charges.
Answer:
Following are the journal entries
Explanation:
Z-mart uses perpetual inventory system. To enter the selected credit card transactions, the journal entries are;
No Date General Journal Debit Credit
1 Apr 30 Accounts receivable 1000
Sales 1000
2 Apr 30 Cost of goods sold 650
Merchandise inventory 650
3 May 31 Accounts receivable 4
Interest revenue 4
The correct option is ALL OF THE ABOVE.
The start up cost of a business refers to those costs that are incurred before the business start operation. Such costs include: rent, legal fees, insurance, start up equipment, etc,
Refiners are in the secondary sector of the market because they are taking inputs and making them into products for consumption.
Answer:
B) False
Explanation:
The storming stage is the second stage of team development. At this stage, the group members should start gaining each other's trust. They are generally more willing to open up and express their views and opinions. Sometimes conflicts can result from different members' opinions, and power struggle occur within the team.