When a direct cause-and-effect relationship cannot be established between revenues and costs, the costs are
a. not expensed and remain as assets on the balance sheet.
b. expensed among the accounting periods that benefit from the costs.
c. expensed immediately in their entirety.
d. expensed equally each year.
B
You might also like to view...
Shifting away from mass marketing, marketers are developing ________ which are designed to build closer relationships with customers in more narrowly defined micromarkets
A) focused marketing programs B) horizontal diversification programs C) backward integration strategies D) new pull strategies E) new push strategies
On January 1, Year 1, Alabama Company purchased a machine for $26,000. The machine has an estimated useful life of 4 years and an estimated salvage value of $6,000. What is the book value of the machine reported on Alabama's balance sheet as of December 31, Year 1?
A. $15,000 B. $21,000 C. $26,000 D. $19,500
If schedule variance is negative, it means it took longer to perform the activity than planned
Indicate whether the statement is true or false
When several persons stand in equal degree of relationship to the decedent, without reference to the right of representation, an equal share of the estate is given to each of them under the rule of per capitadistribution
Indicate whether the statement is true or false