Put the following ABC implementation steps in order ________.
A Compute the allocation rates.
B Compute the total cost of the products.
C Identify the products that are the cost objects.
D Select the cost allocation bases.
A) DACB
B) DBCA
C) BADC
D) CDAB
Question 2
At year end, a county tax agency fund's only asset was 500,000 in cash.
The cash was collected on behalf of the following entities:
County300,000
School district150,000
Fire district50,000
In the county basic financial statements, the tax Agency Fund should report what amount of assets and liabilities?
A. 200,000.
B. 300,000.
C. 450,000.
D. 500,000.
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