Author Question: If administrative expense of 77,500 is allocated on the basis of number of employees, the amount ... (Read 74 times)

michelleunicorn · **on:** Jul 5, 2018

If administrative expense of 77,500 is allocated on the basis of number of employees, the amount allocated to the Car Rental Department would be ________.

A) 47,387.50
B) 48,437.50
C) 46,877.50
D) 49,247.50

Question 2

After the account balances have been extended from the Adjusted Trial Balance columns on the work sheet, the difference between the initial totals of the Balance Sheet debit and credit columns is Net Income or Net Loss.
a. True
b. False

Indicate whether the statement is true or false