1. Use this information to allocate each of the three indirect expenses across the four departments. 2. Prepare a summary table that reports the indirect expenses assigned to each of the four departments.

List five ratios that are automatically provided by the vertical analysis of income statements.

Multiple Choice Question There is a cause-and-effect relationship between revenues and expenses that dictates: O when costs are recognized as expenses in the income statement. O where in the income statement expenses should be presented. O when revenues are recognized in the income statement. O the ordering of assets and liabilities in the balance sheet.

Listing Expenses by Function vs Nature Question; How would you list/categorize the expenses (Operating Expenses) in a single-step/multiple-step income statement by nature or by function? Some e.g's/explanation would be very helpful.