- Study guides, Class notes & Summaries

ACC 212 exam 2 homework 1. on which financial statement would dividends be depicted?: statement of stockholders' equity 2. retained earnings will primarily be depicted on the statement of cash flows- : false 3. (T/F) net income for a specified time period will be identical for both single step and multiple step income statement presentations: true 4. which of the following is a physical balance account?: both inventory and buildings w

ACC212 Final Exam #1 University of Miami, Correct Quiz with A+ Answers Updated Cost Object - CORRECT ANSWER-is anything for which cost data are desired, including products, customers, jobs, and organizational subunits Direct Cost - CORRECT ANSWER-a cost that can be easily and conveniently traces to a specified cost object (materials, labor, etc. as opposed to selling and administrative costs) Indirect Cost - CORRECT ANSWER-a cost that cannot be easily and conveniently traced to a sp...