Author Question: An effective activity-based cost system always ignores facility-sustaining cost drivers. Indicate ... (Read 190 times)

cmoore54 · **on:** Jul 5, 2018

An effective activity-based cost system always ignores facility-sustaining cost drivers.

Indicate whether this statement is true or false.

Question 2

A company pays 36,000 for twelve month's rent on October 1, recording the prepayment as an asset. The adjusting entry on December 31 is a debit to Rent Expense, 9,000, and a credit to Prepaid Rent, 9,000.
a. True
b. False

Indicate whether the statement is true or false