Accounting Principles - Standalone book
Accounting Principles - Standalone book
12th Edition
ISBN: 9781118875056
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: WILEY
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Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

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At the beginning of the recent period there were 850 units of product in a department, one-fourth completed. These units were finished and an additional 4,750 units were started and completed during the period. 720 units were still in process at the end of the period, one-fifth completed. Using the weighted-average valuation method, the equivalent units produced by the department were ____ units.
General accounting
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