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Case 6-2
Wyona, owner of Wyona’s Hat Designs, desires to have a Web site built for customers to order custom-made hats. They can pick from straw, leather, and material hat collections. Customers can specify one of their existing patterns, which include about 50 designs. They can also choose a custom pattern instead and then provide information about the pattern they want for Wyona to custom create
-Wyona wants to separate the different options for straw,leather and material.Which element can she use to create these groups?
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.
Investing Activities
Part of a company's cash flow statement that reports the purchase and sale of long-term investments and property, plant, and equipment.
Gain
Gain refers to an increase in economic benefits or inflow of assets that result in an increase in equity, not related to contributions from equity participants.
Office Equipment
Assets like computers, desks, and chairs used in an office to carry out operations, not immediately consumed in the production process.
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