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Author Question: When the amount of scrap is material and the scrap is sold immediately after it is produced, which ... (Read 91 times)

chandani

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on: Mar 6, 2021

Question 1

When the amount of scrap is immaterial, which of the following is the easiest accounting entry when recording scrap sold for cash?
◦
◦
◦
◦

Question 2

When the amount of scrap is material and the scrap is sold immediately after it is produced, which of the following is the journal entry if the scrap attributable to a specific job is sold on account?
◦ Scrap Revenues
 Accounts Payable
◦ Work-in-Process Control
 Accounts Receivable
◦ Accounts Receivable
 Work-in-Process Control
◦ Work-in-Process Control
 Accounts Payable
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by chandani on Mar 6, 2021

dellikani2015

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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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chandani

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

mammy1697

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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