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At the End of the Year,Metro,Inc

question 185

Multiple Choice

At the end of the year,Metro,Inc.has an unadjusted credit balance in the Manufacturing Overhead account of $820.Which of the following is the year-end adjusting entry needed to adjust the account?

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Definitions:

Contract Law

The body of law that governs the agreements made between parties, detailing the creation, execution, and enforcement of contracts.

Age of Majority

The age at which a person is legally recognized as an adult and is fully responsible for his or her actions.

Ratify Contracts

To formally confirm or approve an agreement, making it officially valid.

Minor

A person who is below the legal age of majority, which varies by jurisdiction, making them legally incapable of entering into certain contracts and responsibilities.

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