If 20,000 Units Are Started into Production and 12,000 Units

question 78

Multiple Choice

If 20,000 units are started into production and 12,000 units are in process at the end of the period, how many units were completed and transferred out if there was no beginning Work in Process?

• A)20,000
• B)12,000
• C)8,000
• D)42,000

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Definitions:

Shares Of Stock

Shares of stock represent units of ownership in a corporation, entitling the holder to a proportion of the company's profits and voting rights.

Cash Flow

The whole amount of funds that are being transferred into and out of a company, affecting its immediate financial viability.

Assets

Resources owned by a company from which future economic benefits are expected.

Earnings Per Share

A company's profit divided by its number of outstanding shares, indicating the profitability of the company on a per-share basis.