On an income statement prepared according to the recommended USAR format, the cost of utilities is listed further down the statement than the cost of labor because...

	A.	the cost of utilities is usually less than the cost of labor.
	B.	the cost of utilities is usually greater than the cost of labor.
	C.	managers have less control over the cost of utilities than the cost of labor.
	D.	managers have more control over the cost of utilities than the cost of labor.

2. A chef invests $40,000 of their own money, and $160,000 borrowed from a bank, to open their new restaurant. What percentage of this cehf's new operation was equity funded?

	A.	20%
	B.	25%
	C.	80%
	D.	40%