Author Question: Direct disposal costs do not include special advertising or sales commissions. a. True b. False ... (Read 119 times)

naturalchemist · **on:** Jul 5, 2018

Direct disposal costs do not include special advertising or sales commissions.
a. True
b. False

Indicate whether the statement is true or false

Question 2

Clean Sweep, Inc. paid 7,200 on May 1, 2011 for 12 months' insurance coverage starting May 1. How much insurance expense should appear on the company's income statement for the year ended December 31, 2011?

A) 7,200
B) 4,200
C) 4,800
D) 0. Insurance expense does not appear on the income statement.