December 1, Smiles, Inc. prepays $2,400 for three months of rent. On December 31, Smiles prepares financial statements. After the appropriate adjusting entry for rent, Smiles’ balance sheet would show: a. prepaid Rent of $2,400.
b. rent Expense of $800.
c. prepaid Rent of $1,600.
d. prepaid Rent of $800.

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.