Fill out the EXPENSE REPORT by using the words given to make full sentences. The first has been done as an example.

Expense should be recorded to recognize the cost of using long-lived assets, such as equipment, during the accounting period. (Enter one word per blank.)

Select the spending item(s) that are assets.You can select more than one answer.A.Insurance billB.CarC.DeskD.Dinner outE.PetrolF.Rent

A monthly budget usually has two sections — one for income and one for _____.A.wagesB.savingsC.utilitiesD.expensesSUBMITarrow_backPREVIOUS

Which of the following is an example of a variable expense? (A) weekly martial arts lesson (B) rent (C) entertainment (D) monthly bus pass

Fill in the Blank QuestionFill in the blank question. (Identifying, Assigning,Tracing) activities is the first step in applying activity-based costing.