When a job is completed in a job order costing system, the journal entry involves which
accounts?
A) A debit to cost of goods sold and a credit to finished goods inventory for the cost of the
job
B) A debit to finished goods inventory and a credit to work in process inventory for the cost
of the job
C) A debit to work in process inventory and a credit to finished goods inventory for the cost
of the job
D) A debit to finished goods inventory and a credit to work in process inventory for the sales
price of the job
B
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Partnership CDS was formed on September 5 and elected to use a fiscal year ending November 30. CDS is required to file its partnership return, Form 1065, by which of the following dates
A. March 15. B. December 31. C. January 15. D. February 15.
In the Toler v. Su?d-Chemie, Inc. case, an employer was accused of abusing:
A) ?contractual obligations. ?
B) qualified privilege.
C) ?employee privacy. ?
D) laws of the company.