When the Amount of Scrap Is Immaterial, the Easiest Accounting

question 24

Multiple Choice

When the amount of scrap is immaterial, the easiest accounting entry when recording scrap sold for cash is:

• A)Sales of Scrap
• B)Cash
• C)Cash
• D)Accounts Receivable

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Definitions:

Externally Motivated

Being driven to perform actions or tasks due to rewards, pressures, or incentives from outside oneself.

Personnel Psychologists

Psychologists who focus on the behavior of employees within organizations and ways to improve employee productivity, satisfaction, and well-being.

Employee Engagement

The degree of enthusiasm and dedication an employee has towards their job and company, often resulting in higher productivity and job satisfaction.

Industrial Machines

Equipment designed for use in the manufacturing and processing of goods and materials.