B) The following data is available from the records of ABC Company Ltd for a product relating to process z.
1. Opening WIP 4,000 units
Degree of completion:
Materials (100%)
Tshs 24,000,000
Labour (60%)
shs 14,400,000
Overheads (60%
Tshs 7,200,000
2. Received during the month of January 2015 from process 1-4,000 units of tshs
171,000,000.
3. Expenses incurred in process 2 during the month; materials tshs 79,000,000,
labour tshs 138,230,000, overheads tshs 69,120,000.
4. Closing WIP 3,000 units
Degree of completion: materials 100%, labour and overheads 50%
5. Units scrapped 4,000 units
Degree of completion: materials 100%, labour and overheads 80%
6. Normal loss: 5% of current input
7. Spoiled goods realized tshs 1,500 each on sale
8. Completed units are transferred to finished goods.
Required: Prepare
i) Equivalent units statement
volontinit and totalt

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo

Money from an allowance or job is known as .