The General Rule Is That an Assignee Stands in the Shoes

question 53

True/False

The general rule is that an assignee stands in the shoes of the assignor.He acquires the rights of the assignor but no new or additional rights.

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Definitions:

Direct Method

An accounting approach used to allocate service department costs directly to producing departments without considering other service departments.

Janitorial Department

A division within an organization responsible for maintaining cleanliness, hygiene, and sanitation within the premises.

Cost Allocated

The amount of indirect costs assigned to cost objects based on certain criteria or cost drivers.

Assembly Department

A section within a manufacturing process where pieces are put together to form a component or a finished product.