Which of the following is an asset? a. Common Stock b. Service Revenue c. Salary Expense d.
Question:
Which of the following is an asset?
a. Common Stock
b. Service Revenue
c. Salary Expense
d. None of the listed accounts is an asset.
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Common stock is categorised as an asset Stock or i...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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Actual rate= 3,092,000/180,000=17.18Formula= (Actual rate- Standard rate) X actual hour (production)== (17.18-13.11) X 180,000=732,600 U
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