Able Industries Has the Following Information Related to Its Adjusting

question 62

Multiple Choice

Able Industries has the following information related to its adjusting entries at the end of December.
. Services have been performed for customers that have not yet been billed or received totaling $200.
.The office equipment computation for 2018 depreciation amounts to $580.
What is the net effect that the necessary adjusting entries for this information have on net income for Able?

• A)$380 increase.
• B)$380 decrease.
• C)$780 increase.
• D)$780 decrease.

Examine frame rail modification strategies for achieving desired strength and weight characteristics.

Recognize stress distribution and its implications on frame design and modification.

Understand the correct procedures for disposing of failed brake components.

Diagnose the causes of frequent air compressor cycling and slow air pressure build-up.

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready to be sold but are still in the company's inventory.

Selling And Administrative Budget

Forecasts expected expenses related to selling the product and managing the business, excluding manufacturing costs.

Cash Budget

A financial plan that estimates cash inflows and outflows over a particular period, often used to assess whether the entity can maintain its operations and obligations.

Units Produced

The total number of finished products that a company manufactures during a specific period.