Which of the Accounts Are Increased with a Debit and Decreased

question 32

Multiple Choice

Which of the accounts are increased with a debit and decreased with a credit?

• A)Liabilities,stockholders' equity,and revenues.
• B)Dividends,liabilities,and assets.
• C)Expenses,dividends,and stockholders' equity.
• D)Assets,dividends,and expenses.

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Definitions:

Activity Rate

The activity rate is a cost accounting term that refers to the rate at which indirect costs are allocated to products or services based on specific activities.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities and resources used in the production or delivery process.

Activity Rate

In cost accounting, it's the cost driver rate used in activity-based costing to assign indirect costs to products or services based on each activity's frequency and intensity.

Manufacturing Overhead

All manufacturing costs that cannot be directly traced to individual units produced, such as electricity, maintenance, and factory management salaries.