When the cost of lost units must be assigned, and those same units must be included in an equivalent unit schedule, these units are considered
a. normal and discrete.
b. normal and continuous.
c. abnormal and discrete.
d. abnormal and continuous.
D
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Amortization of bond discount results in a(n)
a. decrease of the bonds payable account. b. decrease of stockholders' equity. c. increase of stockholders' equity. d. decrease in the cash account.
Hoover Company purchased two identical inventory items. The item purchased first cost $38.50. The item purchased second cost $43.00. Then Hoover sold one of the inventory items for $65. Based on this information, which of the following statements is true?
A. The ending inventory is $43.00 if Hoover uses the LIFO cost flow method. B. The cost of goods sold is $38.50 if Hoover uses the LIFO cost flow method. C. The cost of goods sold is $43.00 if Hoover uses the FIFO cost flow method. D. The gross margin is $24.25 if Hoover uses the weighted-average cost flow method.
Gretel, an inventor, has tools in her workshop, including hammers, a table saw, and drills. She has a patent on her most recent invention, a kitchen gas grill.Shelicenses the patent to Home Appliances, Inc, a company in which she owns stock. Hertangible personal property includes the
a. workshop tools. b. Home Appliances stock. c. patent on the gas grill and license to Home Appliances. d. all of the choices.
An organization can use ________ as a repository to access documents or other files from anywhere in the world whenever they are needed
Fill in the blank(s) with the appropriate word(s).