1 c d 2 Ory Company paid $5,000 cash for wages of production workers This business event would a increase total assets and total equity b increase one asset account and decrease another asset account decrease total assets and total equity decrease one asset account and increase an equity account Brock Company makes candy During the most recent accounting period Brock paid $3,000 for raw materials, $4,000 for labor, and $2,000 for overhead costs that were incurred to make candy Brock started and completed 10,000 units of candy of which 8,000 were sold Based on this information Brock would recognize which of the following amounts of expense on the income statement $4,000 b 89,000 $7,200 d None of the above Bando Manufacturing Company paid cash for wages of production workers Which of the following choices accurately reflects how this event would affect the company's financial statements c 3 a Asset Liab Equit Rev Exp Net Cash Flow Inc NA NA NA OA NA NA NA NA NA NA NA OA NA NA NA NA OA OA b c Id Carson Manufacturing Company paid cash for commissions paid to sales staff Which of the following choices accurately reflects how this event would affect the company's financial statements Asset Liab Equit Rev Exp Net Cash Flow Inc NA a NA NA OA NA NA NA NA b C d NA NA NA NA NA NA OA NA

Question

1  c  d  2  Ory Company paid $5,000 cash for wages of production workers  This business event would  a  increase total assets and total equity  b  increase one asset account and decrease another asset account  decrease total assets and total equity  decrease one asset account and increase an equity account Brock Company makes candy  During the most recent accounting period Brock paid $3,000 for raw materials, $4,000 for labor, and $2,000 for overhead costs that were incurred to make candy  Brock started and completed 10,000 units of candy of which 8,000 were sold  Based on this information Brock would recognize which of the following amounts of expense on the income statement  $4,000  b  89,000 $7,200  d  None of the above  Bando Manufacturing Company paid cash for wages of production workers  Which of the following choices accurately reflects how this event would affect the company's financial statements  c  3  a Asset Liab    Equit Rev   Exp  Net Cash Flow Inc  NA NA NA   OA NA NA NA NA NA NA NA   OA NA NA NA NA   OA   OA b c Id Carson Manufacturing Company paid cash for commissions paid to sales staff  Which of the following choices accurately reflects how this event would affect the company's financial statements  Asset   Liab  Equit Rev  Exp  Net Cash Flow Inc  NA a NA NA   OA NA NA NA NA b C d NA NA NA NA NA NA   OA NA

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Question

1. c. d. 2. Ory Company paid $5,000 cash for wages of production workers. This business event would: a. increase total assets and total equity.

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