During February,Degan Inc

question 104

Multiple Choice

During February,Degan Inc.transferred $60,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $65,000.The journal entries to record these transactions would include a:

• A)debit to Finished Goods of $65,000
• B)credit to Cost of Goods Sold of $65,000
• C)credit to Work in Process of $60,000
• D)credit to Finished Goods of $60,000

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Definitions:

Institutional Racism

A form of racism embedded through laws and regulations within a society or organization.

Structural Inequalities

Systemic disparities in access to resources, opportunities, and rights experienced by different groups within a society, often based on race, gender, or socioeconomic status.

Color-Blindness

An ideology that advocates ignoring racial differences as a way to address racial discrimination, often critiqued for failing to acknowledge systemic inequalities.

Structural Inequalities

Systematic disparities in access to resources, opportunities, rights, and privileges across different social groups, perpetuated by established societal norms and structures.