Langdon Company Experienced an Accounting Event That Affected Its Financial

question 36

Multiple Choice

Langdon Company experienced an accounting event that affected its financial statements as indicated below: Which of the following transactions could have caused the indicated effects on the company's accounting equation?
$$\begin{array} { | c | c | c | c | c | c | c | c | c | c | } \hline \text { Assets } & = & \text { Liab. } & + & \text { Equity } & \text { Rev. } & - & \text { Exp. } & = & \text { Net Inc. } \\\hline ( 250 ) & = & \mathrm { n } / \mathrm { a } & + & ( 250 ) & \mathrm { n } / \mathrm { a } & - & 250 & = & ( 250 ) \\\hline\end{array}$$

• A)Goods transferred from work in process to finished goods.
• B)Allocation of underapplied overhead to cost of goods sold.
• C)Collection of account receivable.
• D)Allocation of overapplied overhead to cost of goods sold.

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