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PIT_PIT [208]
3 years ago
9

The specific term for attaching a direct cost with a cost object.

Business
1 answer:
telo118 [61]3 years ago
4 0

The specific term for attaching a direct cost with a cost object

is Cost assignment.

<h3>What is Cost?</h3>

This refers to the price or estimate which has to be paid for the

purchase of goods and services. Costs could either be direct or

indirect depending on various factors.

The attachment of a direct cost with a cost object is therefore

referred to as cost assignment.

Read more about Cost Assignment here brainly.com/question/481029

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At the end of the current year, Accounts Receivable has a balance of $675,000; Allowance for Doubtful Accounts has a debit balan
Bad White [126]

Answer and Explanation:

The computation is shown below:

a.

The amount of the adjusting entry for bad debt expense should be

= $45,000 + $5,400

= $50,400

The journal entry should be  

Bad Debt Expense Dr. 50,400

    To Allowance for Doubtful Accounts Cr. 50,400

(Being the bad debt expense is recorded)

b.    

Accounts Receivable 675,000

Allowance for Doubtful Accounts 45,000

Bad Debt Expense 50,400

c.    

Accounts Receivable 675,000

Less: Allowance for Doubtful Accounts  (45,000)

Net realizable value of accounts receivable 630,000

4 0
3 years ago
Should a congress bill contain “whereas” clauses ?
slava [35]

Ion really get your question

8 0
3 years ago
Which aspect of a business needs the support of accurate market research?
aivan3 [116]
The answer may be advertising.
5 0
3 years ago
The outstanding capital stock of Coronado Corporation consists of 1,900 shares of $100 par value, 9% preferred, and 5,400 shares
ella [17]

Answer:

preferred stock dividends = 1,900 x $100 x 9% = $17,100

common stocks = 5,400 stocks

a) distribution of dividends:

preferred stocks = $17,100

common stocks = $70,400

b) distribution of dividends:

preferred stocks = $17,100 x 3 = $51,300

common stocks = $36,200

c) distribution of dividends:

preferred stocks = $51,300 + (1,900/7,300 x $19,100) = $56,271

common stocks = $17,100 + (5,400/7,300 x $19,100) = $29,429

5 0
3 years ago
Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $134 in cash along with recei
Kaylis [27]

Answer:

The Journal entries are as follows:

(1) On September 9,

Petty cash A/c      Dr.     $410

To cash                                         $410

( To establish $410 petty cash fund)

(2) On September 30,

Printing expenses A/c              Dr. $60

Postage expenses A/c             Dr. $70

Miscellaneous expenses A/c   Dr. $135

Cash over and short A/c           Dr. $11

To cash A/c                                                  $276

(To reimburse petty cash fund)

(3) On October 1,

Petty cash A/c        Dr.  $75

To cash A/c                              $75

(To increase the petty cash fund to $485)

3 0
3 years ago
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