Answer: The correct answer is a). The sum of the debits will equal the sum of the credits.
Explanation: When a journal entry is posted as same amount to both the debit and credit it balances up in the trial balance.
In the same vein, irrespective of the error in the ledger raised and posted in the trial balance, the sum will be equal on both the debit side and the credit side.
There are six types of bankruptcy cases that are provided for in the bankruptcy code, They are:
Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, Chapter 15
In short, Your Answer would be Option B
Hope this helps!
Answer:
$76,100 net operating loss
Explanation:
The computation of the overall company net operating income (loss) is shown below:
= East sales - east Variable costs - east Traceable fixed costs - east Allocated common corporate costs - west Allocated common corporate costs
= $550,000 - $198,000 - $169,500 - $117,500 - $141,100
= -$76,100 loss
Since the west division is eliminated so all the items would be ignored except Allocated common corporate costs
Answer:
Dr. Cr.
Work in process $73,000
Manufacturing overhead $13,000
Account Payable $86,000
Explanation:
The Direct cost are those which are directly attributable to the product or service under consideration. Indirect cost are those which cannot be directly assigned to product or service cost. All the direct cost is added to the work in process account and indirect cost are included in the manufacturing overhead account.
Answer:
The correct answer is letter "D": stop-buy order.
Explanation:
A stop-buy order is an order to purchase a stock at a particular price above its current market price. By placing a stop-buy order, the investor sets the price at which he will buy the stock in advance, thus eliminating the risk of missing the price point, the opportunity to buy a stock with good returns, or covering a short position at a reasonable loss instead of allowing the negative trade balance to rise.
So, <em>setting a stop-buy order will help the trader exit the transaction at a specific price to cover losses of a short position at a reasonable risk rate.</em>
