The allocation of investments between types of assets (stocks, bonds, short-term securities, etc.) has less effect on a portfolio's return than the choice of securities within asset classes

Which of the following statements about income statement expenses is most correct?

a. Supplies are expensed (shown) on the income statement when purchased. b. Supplies are expensed (shown) on the income statement when consumed (used to provide patient services). c. All lease expense is reported on the income statement. d. Both a. and c. above are correct. e. Both b. and c. above are correct.

When preparing the selling and administrative expense budget, there is no need to separate mixed costs into the fixed and variable components

Indicate whether the statement is true or false