Fred is on trial for robbing Sam's Electronics. The prosecution alleges that Fred broke into the warehouse behind the store and stole over $10,000 worth of TV's and stereos. To prove the number and value of the items that were stolen, the prosecution calls Gloria, who works as a stock clerk in the warehouse. She testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. Gloria spent the entire day cataloguing the missing items, and at the end of the day put together a list which included twelve plasma televisions, thirty-two stereo systems, and eighteen digital video recorders. She gave the list to her manager. At trial, Gloria testifies that (1) she is unable to remember exactly what was stolen from the store, and (2) seeing the list would help to refresh her recollection. The prosecutor can: a. Show her the list and then take it away and have her testify from her 'refreshed recollection.' b. Have her read the list to the jury. c. Admit the list into evidence. d. (A) and (B), but not (C).

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?