C Holl esae D niangibke assts usou in the otins of business

C Holl esae D niangibke assts usou in the otins of business that have a wsefl bie omoe tha E Tangible assots ussoud in the operatior of businss that have a sell ie ofless wha one s C Is alse called ameticatin D. is an unreaiod expense rert i equiy E lis the preooss of aillsating the ost of intangidles to periols in which they are used. 27 A compuny had ieventey on Novemher of S units at a o$20 Or Noveme purchased 10 units at $22 cacih On November& ey purchasel 6 unis at S2S ont O units were sold $S cocht Using the FIFO puinvenkoy met what wes th inventory on Novoner&affer; the sale A. S304 B $2oo C s2ss D. S280 E $276

Solution

Ans 24 C) Investing activities As purchase of equipment is done to earn revenue for more than one period, it is an investing activities ans 25 A) tangible assets used in business operation having a useful life of more than one year Plant assets are long term tangible assets which are in existence and is used in operations and have useful life if more than 1 years ans 26 e) is the process of allocating the cost of intangible to period in which these are used So the cost of natural resources are expensed when these are consumed ans 29 C) Operating activities As operating activities include all direct and indirect cost incurred to sale the product ans 30 D) written, recorded by company books set to customer but not cleared by bank ans 31 B) total compensation earned by employee ans 32 D) undemployment taxes Dear student question 23 , 27 and 28 image is not clear and complete hence not attempted those apart from them from 24 to 32 done. Did 7 multiple questions