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Becca Corp AA

question 137

Essay

Becca Corp.purchased supplies at a cost of $5,200 during 2016.At January 1,2017,supplies on hand were $1,600.During the year,the company used $4,000 of supplies.Becca's accounting year ends on December 31.
A. What is the effect on the accounting equation of the adjusting entry that is prepared at December 31,2017?

B. Under the accrual basis of accounting, how much is Supplies Expense for 2017 ?

C. How much should be reported on the December 31,2017, balance sheet for Supplies?

D. What type of adjustment was made in part AA ?


Definitions:

Horizontally Enlarges

An approach to job design where tasks of similar complexity are added to an employee's role to broaden the variety of activities.

Person-job Fit Model

A framework in human resource management that emphasizes matching individuals' abilities and preferences with the requirements and rewards of a job.

Job Enrichment

A method to motivate employees by enhancing their job roles with more meaningful tasks and giving them more autonomy.

Universal Job Design

A conceptual approach to creating jobs that can be effectively and efficiently performed by a wide variety of individuals.

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