Author Question: On the work sheet, the capital and drawing account balances are extended to the Balance Sheet ... (Read 146 times)

Chloeellawright · **on:** Jul 5, 2018

On the work sheet, the capital and drawing account balances are extended to the Balance Sheet columns.
a. True
b. False

Indicate whether the statement is true or false

Question 2

If advertising expense of 112,500 is allocated on the basis of sales, the cost per cost driver rate would be ________.

A) 0.15
B) 0.11
C) 0.10
D) 0.13