The Journal Entry to Write-Off an Insignificant Overapplied Overhead Balance

question 83

Multiple Choice

The journal entry to write-off an insignificant overapplied overhead balance at the end of an accounting period for a service firm is:

• A)a.
• B)B.
• C)C.
• D)D.The most conservative method is to write-off the immaterial amount directly to Cost of Goods SolD.

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Definitions:

Cognitive Development

The construction of thought processes, including remembering, problem solving, and decision-making, from childhood through adolescence to adulthood.

Applied Research

Research meant to provide practical solutions to immediate problems.

Developmentalists

Specialists who study the development of individuals across their lifespan, often focusing on childhood development.

Lifespan

The duration of time from an individual's birth to their death, also studied as the developmental stages and changes experienced throughout this period.