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QUESTION 45 A purchase of common stock of Blue Wave Corporation for $14,500 was sold three months later for $15,000 The entry to record the
QUESTION 45 A purchase of common stock of Blue Wave Corporation for $14,500 was sold three months later for $15,000 The entry to record the sale would include a OA credit to Gain on Sale of Stock Investments of $500. OB. debit to Cash of $14,500. OC. credit to Interest Revenue of $500 OD. credit to Stock Investments of $15,000. QUESTION 46 QUESTION 48 If the Manufacturing Overhead account has a debit balance at the end of a period, it means that O A. actual overhead costs were less than overhead costs applied to jobs B. actual overhead costs were greater than overhead costs applied to jobs. C.actual overhead costs were equal to overhead costs applied to jobs. OD. no jobs have been completed
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