Partnerships are not permitted to operate under fictitious business names

The account title used for recording the payment of rent in advance for an office building is ________.

A) Prepaid Rent B) Rent Payable C) Rent Revenue D) Rent Expense

If each motorcycle requires a belt that costs $20 and 2,000 motorcycles are produced for the month, the total cost for belts is ________

A) considered to be a direct fixed cost B) considered to be a direct variable cost C) considered to be an indirect fixed cost D) considered to be an indirect variable cost