This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An effective activity-based cost system always ignores facility-sustaining cost drivers. Indicate ... (Read 134 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

True


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Effective communication and harmony between horse and rider are among the goals of proper training Effective communication and harmony between horse and rider are among the goals of proper training
Gastrointestinal system Gastrointestinal system
Lymphatic system. Lymphatic system.
Procedures for Diagnostic Tests Related to the Musculoskeletal system Procedures for Diagnostic Tests Related to the Musculoskeletal system
The NFPA 704 marking system. This voluntary marking system is displayed at participating facilities ... The NFPA 704 marking system. This voluntary marking system is displayed at participating facilities ...
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Video: Central Nervous System Animation

For a complete list of videos, visit our video library