If the financial statements of Sushi Show, Inc.show $500 of over-applied overhead for the current year, where will that balance be shown in the financial statements if not material?
A) In the current assets section as a prepaid amount
B) No amount should be shown in the financial statements for over-applied overhead.
C) In the current liabilities section as unearned revenue
D) As part of cost of goods sold
Correct Answer:
Verified
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