Which of the following accounts would normally have a debit balance and appear in the balance sheet?
A. Dividends.
B. Deferred Revenue.
C. Accounts Receivable.
D. Salaries Expense.
Answer: C
You might also like to view...
Meger Manufacturing uses the direct labor cost method for applying factory overhead to production. The budgeted direct labor cost and factory overhead for the previous fiscal year were $1,000,00 . and $800,000 . respectively. Actual direct labor cost and factory overhead were $1,100,00 . and $825,000 . respectively. What is the amount of under- or overapplied factory overhead?
a. $25,00 . overapplied b. $55,00 . overapplied c. $80,00 . overapplied d. $50,00 . underapplied
The operating cycle is equal to days' sales uncollected plus days' inventory on hand
Indicate whether the statement is true or false
An advantage of questionnaire surveys is the low cost relative to the amount of data that can be collected
Indicate whether the statement is true or false
A director or officer is not liable to the corporation for a bad business decision.
Answer the following statement true (T) or false (F)