210) If the cost of direct materials is a small portion of total production cost it may be classified as part of:
a. direct labor cost
b. selling and administrative costs
c. miscellaneous costs
d. factory overhead cost 211) On the statement of cash flows prepared by the indirect method the cash flows from operating activities section would include
a. receipts from the issuance of capital stock
b. amortization of premium on bonds payable
c. payments for cash dividends
d. receipts from the sale of investments 212) Managerial accounting reports are prepared according to generally accepted accounting principles.
b. false 213) When a corporation owns less than 20% of the stock of another company dividends received are not treated as income.