« previous next »

Author Question: ABC systems attempt to trace more costs as indirect costs. Indicate whether this statement is ... (Read 109 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Jul 5, 2018
ABC systems attempt to trace more costs as indirect costs.
 
  Indicate whether this statement is true or false.

Question 2

List the four basic types of accounts that require adjusting entries and give an example of each.


Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

1 . Prepaid expenses - Example: Prepaid insurance
2 . Unearned revenues  Example: An attorney's retainer fee
3 . Accrued revenues - Example: Unpaid interest earned on a notes receivable
4 . Accrued expenses - Example: Unpaid wages owed to employees


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

bio: systems bio: systems
The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
Different parts of the body mature at different rates. “General” refers to the body as a whole: the Different parts of the body mature at different rates. “General” refers to the body as a whole: the
Example of a patient statement. Example of a patient statement.
Tuition Costs Tuition Costs
Examples of animal digestive systems. Examples of animal digestive systems.
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library