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Author Question: A cost-allocation base is a necessary element when using a strategy that will refine a costing ... (Read 61 times)

BRWH

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on: Jul 5, 2018
A cost-allocation base is a necessary element when using a strategy that will refine a costing system.
 
  Indicate whether this statement is true or false.

Question 2

On June 1, the cash account balance was 96,750 . During June, cash receipts totaled 305,000 and the June 30balance was 75,880 . Determine the cash payments made during June.


aham8f

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: TRUE

Answer to Question 2

75,880 = 96,750 + 305,000  ?
Cash payments = 325,870


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