Multiple Choice
Tra Corporation is analyzing its account balances for 2012.As of the end of 2012, a debit balance of $4,000 remains in the manufacturing overhead account.What impact will this have on the financial statements?
A) It will increase assets by $4,000 and have no effect on income.
B) It will increase income by $4,000.
C) It will reduce income by $4,000.
D) It will decrease gross profit but have no effect on income.
Correct Answer:
Verified
Correct Answer:
Verified
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