______ join equal sentence elements
A) ?Parenthetical adverbs
B) ?Coordinating conjunctions
C) Subordinating conjunctions
B
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McDonald Corp owns a building with an original cost of $2,000,000 and accumulated depreciation at the balance sheet date of $300,000 . Based on a recent appraisal, the fair value of the building is $1,800,000. Required: 1 . At what amount will the
building be reported on the year-end balance sheet if McDonald follows U.S. GAAP? 2 . Does McDonald have a choice in the amount to report for the building if instead it follows IFRS? What are those choices?
GAAP stands for Generally Accepted Auditing Procedures
a. True b. False Indicate whether the statement is true or false
Categorize each of the following activities into the expenditure, conversion or revenue cycles and identify the applicable subsystem
a. Preparing the weekly payroll for manufacturing personnel. b. Releasing raw materials for use in the manufacturing cycle. c. Recording the receipt of payment for goods sold. d. Recording the order placed by a customer. e. Ordering raw materials. f. Determining the amount of raw materials to order.
Wrap-It Company, a manufacturer of wrapping paper, began operations on June 1 of the current year. During this time, the company produced 370,000 units and sold 310,000 units at a sales price of $50 per unit. Cost information for this period is shown in the following table:Production costs? Direct materials$2.00 per unit Direct labor$.80 per unit Variable overhead$814,000 in total Fixed overhead$481,000 in totalNon production costs? Variable selling and administrative$78,000 in total Fixed selling and administrative$210,000 in totala. Prepare Wrap-It's December 31st income statement for the current year under absorption costing.b. Prepare Wrap-It's December 31st income statement for the current year under variable costing.
What will be an ideal response?