If Scrap Is Reused as Direct Material Rather Than Sold

question 146

Multiple Choice

If scrap is reused as direct material rather than sold as scrap ________.

• A) Accounts Receivable is debited at its estimated net realizable value and then credited when the scrap is reused
• B) Materials Control is debited at its estimated net realizable value and then credited when the scrap is reused
• C) Manufacturing Overhead Control is debited at its estimated net realizable value and then credited when the scrap is reused
• D) Work-in-Process Control is debited at its estimated net realizable value and then credited when the scrap is reused

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Definitions:

Business Etiquette

Business etiquette encompasses the rules and conventions governing courteous and professional behavior in the business world.

Constructive Criticism

A form of feedback aimed at helping someone improve their actions or work by providing helpful suggestions rather than just pointing out flaws.

Soft Skills

Personal attributes that enable someone to interact effectively and harmoniously with other people.

Uptalk

A speech pattern where the speaker ends sentences with a rising intonation, often perceived as uncertainty or seeking affirmation.