The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily
Indicate whether the statement is true or false
False
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Iowa, Inc. purchased raw materials for $6,000 and $25,000 for cash and on account, respectively. Provide the journal entry to record the purchase of raw materials
What will be an ideal response
The covenant of ____________________ ensures that the tenant has undisturbed possession of the leased premises
Fill in the blank(s) with correct word
Promissory estoppel is a contractual doctrine that includes the following considerations:
A) The courts use the doctrine of promissory estoppel to enforce unilateral promises. B) Under this doctrine the promisor reasonably expects that the promisee, in reliance on the promise, will be induced by the nature of the promise to take action or refrain from taking action and the promisee does so. C) The courts will not, under any circumstance, enforce promises that do not include all four of the elements of contract. D) None of these apply to promissory estoppel.
Dagostino Corporation uses a job-order costing system. The following data relate to the just completed month's operations.(1) Direct materials requisitioned for use in production, $154,000(2) Indirect materials requisitioned for use in production, $45,000(3) Direct labor wages incurred, $94,000(4) Indirect labor wages incurred, $119,000(5) Depreciation recorded on factory equipment, $44,000(6) Additional manufacturing overhead costs incurred, $83,000(7) Manufacturing overhead costs applied to jobs, $236,000(8) Cost of jobs completed and transferred from Work in Process to Finished Goods, $458,000Use the following T-accounts to answer the following questionsWork In ProcessBal.$48,000 Manufacturing
Overhead The total amount of manufacturing overhead actually incurred was: A. $236,000 B. $291,000 C. $247,000 D. $246,000