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NetSuite Exam ERP-Consultant Topic 10 Question 56 Discussion

Actual exam question for NetSuite's ERP-Consultant exam
Question #: 56
Topic #: 10
[All ERP-Consultant Questions]

Which accounting impacts result from building an assembly? (Choose two.)

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Suggested Answer: C, E

by Tamar at May 29, 2024, 10:10 PM

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Nikita
5 months ago
A and E, for sure. I'm not an accountant, but even I know that assembling something creates an asset.
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Pauline
5 months ago
This is a no-brainer. Obviously, the right answers are A and E. Anyone who says otherwise is just trying to be funny.
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Herschel
4 months ago
I agree, those are the correct answers.
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Alease
5 months ago
E) Increase Asset account of the Assembly Item
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Elza
5 months ago
A) Increase Asset accounts of the Assembly item's components
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Paris
5 months ago
Hmm, this seems tricky. I'll go with A and E. Gotta love those asset accounts!
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Gerry
4 months ago
Royce: Looks like we both made the right choice then!
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Royce
5 months ago
I agree, I'll go with E as well, to increase the Asset account of the Assembly Item.
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Kristin
5 months ago
I think A is correct, it increases Asset accounts of the Assembly item's components.
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Carli
5 months ago
I think B and C are the correct answers. The components' asset accounts decrease, and the COGS of the assembly item decreases.
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Lashunda
5 months ago
C) Decrease Cost of Goods Sold account of the Assembly Item
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Dorothy
5 months ago
B) Decrease Asset accounts of the Assembly item's components
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Sylvia
5 months ago
A) Increase Asset accounts of the Assembly item's components
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Skye
5 months ago
I agree with Otis, increasing Asset accounts makes sense because we are adding value to the assembly.
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Otis
6 months ago
I think the accounting impacts from building an assembly include increasing Asset accounts of the components.
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Delisa
6 months ago
A and E, since the assembly item itself is an asset and its components' costs are added to it.
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Marylou
4 months ago
E) Increase Asset account of the Assembly Item
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Georgeanna
5 months ago
A) Increase Asset accounts of the Assembly item's components
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Catina
5 months ago
E) Increase Asset account of the Assembly Item
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Nicholle
5 months ago
A) Increase Asset accounts of the Assembly item's components
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Jerilyn
5 months ago
E) Increase Asset account of the Assembly Item
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Royal
5 months ago
A) Increase Asset accounts of the Assembly item's components
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