The salary paid to the president of a company would be classified on the income statement as a(n):
A. direct labor cost.
B. administrative expense.
C. selling expense.
D. manufacturing overhead cost.
Answer: B
You might also like to view...
In a manufacturing firm, employees typically fill out two different documents regarding their time worked. What are they? Why are there two?
Simon is an attorney who has been hired by Naptune, Inc to defend against claims of profiteering. While discussing the charges with Mark, who is an employee of Naptune, Simon learns that Naptune is about to engage in profiteering again
In this scenario, which of the following statements is true? A) Simon is legally obliged to inform the police about any future criminal activities of Naptune, Inc. B) Simon cannot legally include this information in his work product and inform the court. C) Simon can only divulge this information to the police if Mark explicitly permits it. D) Simon can include this in the work product, but can choose not to inform the authorities.
Your travel reimbursement form must include your ____ signature
A) boss'es B) bosses C) boss's
Which of the following are rights of stockholders?
A) To share in the firm's profits after all other creditors have been satisfied B) To be guaranteed a dividend C) To decide whether or not to pay taxes on capital gains D) To vote for directors, but never on specific issues E) To avoid losses when the firm's prospects decline