In lean accounting, which of the following is considered a combined account? a. Indirect Labor b. Raw and In Process Inventory Oc. Direct Labor Expense d. Finished Goods Inventory

Q: Solution was marked wrong.

A: Future value refers to the concept of time, the value of money used for determining the value of…

Q: Why would it

A: Internal Control:   Internal control refers to the policies, and plans of the business organization…

Q: Give two examples of errors of principle?

A: Errors of principle refers to errors that are carried out at time of noting down transactions…

Q: Why does the FASB recommend the direct method over the indirect method?

A: Definition:   Financial accounting standards board (FASB): This is the organization that creates,…

Q: Solution is totally wrong

A:

Q: The Sarbanes-Oxley Act requires the following?

A: Sarbanes-Oxley Act is formulated during 2002 under US federal law. The prime purpose of the act is…

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A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: Explain preemptive right

A: Answer: A pre-emptive right is a benefit that can be granted to other owners in a company that gives…

Q: Explanation 1031 like-kind exchange

A:

Q: Why is a preemptive right important?

A: Preemptive rights means the rights to  be offered to purchase a property before it is offered to…

Q: True or false: IFRS is based on the same characteristics of information as AspE

A: IFRS:It stands for International Financial Reporting Standards, a set of accounting standards…

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A:

Q: Still do not. Understand, why type of annuitie is used?

A: The question is a follow-up question, and, the learner has reposted it to clear the confusion so…

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A: An expense that benefits more than one product and for which the contribution to each product cannot…

Q: utio

A: In general, a "eligible rollover distribution" is any payment paid in a lump sum or over a period of…

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A: Here,Quarter Dividend is $1.50Growth Rate is 6.25%Required Return is 9%Quarterly Required Return is…

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A: Formulas: Minimum stock price = Face value / Convertible shares

Q: What are some types of divestitures?

A: A divestiture or divestment is the disposal of the company’s assets or a through sale, exchange,…

Q: Why woul it not be Schedule B

A: The Internal Revenue Service requires most payments of interest income to be reported on tax form…

Q: Explain the Nonrecourse clause?

A: A sum of money that an individual or company owes is called liability. It is an obligation between…

Q: These are wrong except for net position restricted

A: Net position is the position which has been determined to the government so that the position of the…

Q: Why does the exclusion of the preemptive right ordinarily inconsequential?

A: Preemptive Rights: It is a contractual clause that gives the shareholders right or allows them to…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.