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D. Question 15 5 pts Heyward Company...

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D. Question 15 5 pts Heyward Company spent $270,000 to refine 100,000 gallons of petroleum into motor oil and gasoline (50,000 gallons of each). The oil could be sold at split-off for $72,000; the gas could be sold at split-off for $143,000. The oil is processed further at a cost of $90,000 and sells for $550,000. The gas is processed further at a cost of $95,000 and sells for $495,000. Using the Relative Sales Value approach, allocate the joint cost to the two products. To Oil To Gas D. Question 6 3 pts A $400,000 bond was retired at 103 when the carrying value of the bond was $397,000. Prepare the journal entry. 3 Question 16 3 pts Stock Dividends: o reduce total assets. reduce total equity. o increase total assets. increase total equity. O None of the above is correct

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