This topic contains a solution. Click here to go to the answer

Author Question: An effective activity-based cost system always ignores facility-sustaining cost drivers. Indicate ... (Read 145 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
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
Answer to Question 1

Answer: FALSE

Answer to Question 2

True




cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jul 5, 2018
Wow, this really help


31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library