Problem 10 Assigment2 Wk2

job 1-20   Effect of return versus period costs on financial statements Hoen Manufacturing Company experience the following accounting progenys during its promethium year of operation. With the exception of the adjusting entries for depreciation, suck up that tout ensemble transactions be cash transactions. 1. Acquired $50,000 cash by issuing common stock. 2. salaried $8,000 for the materials used to make its products, all of which were started and completed during the year. 3. gainful salaries of $4,400 to transfigure and administrative employees. 4. Paid recompense of $7,000 to production workers. 5. Paid $9,600 for condition of piece of furniture used in selling and administrative offices. The furniture was acquired on January 1. It had a $1,600 estimated let off value and a four-year in force(p) life. 6. Paid $13,000 for manufacturing equipment. The equipment was acquired on January 1. It had a $1,000 estimated salvage value and a three-year useful life. 7. Sold arsenal to customers for $25,000 that had cost $14,000 to make. Required Explain how these events would uphold the equalizer sheet, income statement, and statement of cash flows by recording them in a horizontal financial statements model as headd here. The initial event is recorded as an example. In the Cash menstruate column, indicate whether the amounts represent financial support activities (FA), investing activities (IA), or operate activities (OA). Problem 11-21   come ining cost behavior Identify the following costs as improve or variable. be related to plane trips surrounded by Seattle, Washington, and Orlando, Florida, follow. Pilots argon paid on a per trip basis.

| unavoidableness | intractable |Variable | |a. Pilots salaries coition to the # of trips flown | |x | |b. Dep. relative to # of planes in value | |x...If you want to beguile a full essay, separate it on our website: Orderessay

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