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Which of the following is an example of a factory overhead cost? a. insurance premiums on salespersons' automobiles b. presidents salary c. repair and maintenance
Which of the following is an example of a factory overhead cost?
a. insurance premiums on salespersons' automobiles
b. presidents salary
c. repair and maintenance cost on the administrative buildings
d. factory heating and lighting cost
2. Which of the best expresses the accounting equation
a. assets=liabilities-owner's equity
b. assets= owner's equity-Liabilities
c. Liabilities= Owner's Equity- assets
d. Current Assets= Long-term Assets + current liabilities + long-term Liabilities + owners equity
e. Owners equity = Assets- liabilities
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