The Journal Entry to Transfer the Completed Jefferson Apartments Project

question 33

Multiple Choice

The journal entry to transfer the completed Jefferson Apartments project to Canfield's finished goods inventory would include:

• A)A debit to the Finished Goods Inventory account of $975,000.
• B)A debit to the Finished Goods Inventory account of $2,625,000.
• C)A debit to the Finished Goods Inventory account of $1,650,000.
• D)A credit to the Work in Process Inventory account of $2,175,000.

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Definitions:

Law of Effect

A principle in psychology that states behaviors followed by positive outcomes are likely to be repeated, while those followed by negative outcomes are not.

Organisational Behaviour Modification Strategy

A systematic approach to changing behavior within an organization using principles of behavior analysis and reinforcement.

Punishment

Imposing a penalty or sanction on someone as retribution for an offense or undesirable behavior.

Goal Setting Theory

A theory suggesting that the establishment of motivating, specific, and clear goals with appropriate feedback contributes to higher performance.