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Author Question: To comply with GAAP, backflush cost numbers can be adjusted by recording a journal entry. (Read 44 times)

kwoodring

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on: Mar 6, 2021

Question 1

The journal entry to dispose of the difference between actual conversion costs incurred and standard conversion costs allocated is different under backflush costing and sequential tracking.
◦ true
◦ false

Question 2

To comply with GAAP, backflush cost numbers can be adjusted by recording a journal entry.
◦ true
◦ false
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by kwoodring on Mar 6, 2021

Perkypinki

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kwoodring

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

bigcheese9

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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