Costs That Cannot Be Directly Assigned to a Department,but Are

question 97

Multiple Choice

Costs that cannot be directly assigned to a department,but are closely related to departmental activities are categorized as

• A) semidirect expenses.
• B) direct expenses.
• C) indirect expenses.
• D) general expenses.

Analyze transactions to determine their effect on the accounting equation.

Understand the concept of purchasing assets and its impact on the accounting equation.

Distinguish between different methods of asset acquisition (cash vs. credit).

Recognize the effect of business transactions on total assets.

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