Which of the following correctly describes the accounting for administrative expenses of a manufacturing company?
A) Administrative expenses are product costs and are expensed as incurred.
B) Administrative expenses are period costs and are expensed as incurred.
C) Administrative expenses are product costs and are expensed when the manufactured product is sold.
D) Administrative expenses are period costs and are expensed when the manufactured product is sold.
B) Administrative expenses are period costs and are expensed as incurred.
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Auditors may prepare program flowcharts to verify the correctness of program logic
Indicate whether the statement is true or false
What type of leadership is likely to be associated with a traditional, pyramidal top-down organizational structure?a. servant leadership b. autocratic leadership c. ethical/moral leadership d. none of these
a. servant leadership b. autocratic leadership c. ethical/moral leadership d. none of these
Which of the following conflict-handling styles is a give-and-take approach to conflict in which concessions are made in exchange for getting some aspects of the desired outcome?
A. obliging B. avoiding C. compromising D. integrating
Lifecycle theory argues that:
a. regulation eventually becomes an instrument for protecting the information users. b. the regulatory body often protects the regulated group from competition. c. regulation goes through several phases, but is never in the public interest. d. both b and c.