Inventoriable costs are Group of answer choices only purchased goods for resale. a category of costs used only for manufacturing companies. recorded as expenses when incurred and later reclassified as assets. recorded as assets when incurred.
Inventoriable costs are often recorded as assets immediately they are incurred.
What is Inventoriable costs?Inventoriable costs can be defined as those cost that has to do with the production of goods.
Inventoriable costs is an asset on the balance sheet based on the fact that the goods or product are often set ready in order to be sold at a specific period of time .
Examples of Inventoriable costs are:
Direct laborDirect materialsInconclusion Inventoriable costs are often recorded as assets immediately they are incurred.
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The journal entry to record the amortization of a bond discount would include a __________ to __________.
a. debit; Discount on Bonds Payable
b. credit; Discount on Bonds Payable
c. credit; Interest Expense
d. debit; Cash
Answer:
b. credit; Discount on Bonds Payable
Explanation
If $1,000 was deposited today at a rate of 15%, its future value in one year would be
$1,000.
$1,150.
$1,500.
$850.
Answer:
$1,150.
Explanation:
First, we find what that 15% is by setting an equation:
[tex]\frac{15}{100} \times \frac{1000}{1}[/tex]
This gives us: $150
Now, we just add that to the deposited money.
$1000 + $150 = $1,150
Hope this helps!
An oligopoly can be described as an industry in which _____ .
Select one:
a) 7-9 companies produce half of the output
b)one company produces most of the output
c)3-5 companies produce most of the output
d)7-9 companies produce most of the output
Answer:
c
Explanation:
(C) 3-5 companies produce most of the output.
Oligopoly:A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies are frequently the outcome of corporate collaboration as a way to increase profits. Because of the decreased competition, customers will pay more and workers will earn less.Many industries, including civil aviation, energy providers, the telecommunications industry, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacturing, have been identified as being oligopolistic.Therefore, an oligopoly can be described as an industry in which (C) 3-5 companies produce most of the output.
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