The Golden Rule of Selling requires people whose personal character is at level 2.

Which of the following transactions would have no effect on the amount of total assets?

a. issuing capital stock b. distributing dividends to shareholders c. receiving cash from customers before delivering the services d. paying salary to employees e. acquiring assets for cash

Companies recognize fixed manufacturing overhead costs as period costs (expenses) when incurred when using

a. full costing. b. absorption costing. c. product costing. d. variable costing.