A Transfer of $24,000 from the Assembly Department to the Packaging

question 208

Multiple Choice

A transfer of $24,000 from the assembly department to the packaging department would require the entry of a

• A) debit to finished goods inventory.
• B) debit to WIP inventory-assembly.
• C) credit to raw materials inventory.
• D) credit to WIP inventory-assembly.

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Definitions:

Laggards

Individuals or groups that are last to adopt an innovation or change, typically resistant to alterations in status quo.

Diffusion of Innovation

A concept aiming to understand the manner, reasoning, and speed at which cultures adopt new innovations and technological advancements.

Early Adopters

Individuals or organizations who use or purchase new products, technologies, or services soon after they are launched, often before the majority of consumers do.

Diffusion of Innovation

The process by which a new idea, product, or behavior spreads through a population over time.