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Author Question: The loss from abnormal spoilage account would appear ________. (Read 60 times)

danielfitts88

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Question 1

Spoilage that is not inherent in a particular production process and would not arise under efficient operating conditions is referred to as ________.
◦ incremental spoilage
◦ usual spoilage
◦ abnormal spoilage
◦ indirect spoilage

Question 2

The loss from abnormal spoilage account would appear ________.
◦ on a balance sheet
◦ as a detailed item in the retained earnings schedule of a balance sheet
◦ a separate line item on an income statement
◦ a deduction from the cost of goods sold


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Marked as best answer by danielfitts88 on Mar 6, 2021

iman

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danielfitts88

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


carojassy25

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Reply 3 on: Yesterday
Wow, this really help

 

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