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Author Question: Which of the following is true of plant utility costs? A) It increases the Materials Control ... (Read 48 times)

fahad

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on: Jul 5, 2018
Which of the following is true of plant utility costs?
 
  A) It increases the Materials Control account.
  B) It increases the Manufacturing Overhead Control account.
  C) It increases the Work-in-Process Control account.
  D) It is a direct cost.

Question 2

There are four transactions that affect owner's equity. (a) What are the two types of transactions that increase owner's equity? (b) What are the two types of transactions that decrease owner's equity?


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okolip

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

Answer: B

Answer to Question 2

(a) Additional investment by the owner and increase in revenues
(b) Withdrawal made by the owner and increase in expenses


fahad

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

bimper21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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