Which of the Following Accounts Is Credited When Abnormal Spoilage

question 93

Multiple Choice

Which of the following accounts is credited when abnormal spoilage is written off in an actual cost system?

• A)Miscellaneous Revenue
• B)Loss from Spoilage
• C)Finished Goods
• D)Work in Process

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Definitions:

Positive Psychology

A social and intellectual movement within the discipline of psychology that focuses on human strengths and how people can flourish and be successful.

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, with the aim of advancing the creation, communication, and application of psychological knowledge to benefit society.

Positive Psychology

An area of psychology focused on the study and enhancement of positive human functioning, well-being, and flourishing on multiple levels.

Resilience

A person’s ability to recover and often prosper following some consequential life event.