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Author Question: An effective activity-based cost system always ignores facility-sustaining cost drivers. Indicate ... (Read 189 times)

cmoore54

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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


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chinwesucks

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

True


cmoore54

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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