1. The value deducted from the revenue stream, which usually has no obligation toward coveringexpenses is called:A. RoyaltyB. Operating ExpensesC. Capital InvestmentsD. Тaxes2..are those unaffected by changes in activity level of production over a feasiblerange of operations for the capacity or capability available.A. Variable CosB. Fixed CostC. Direct CostD. Sunk Costis appropriate when benefits to be received from an asset are expected3.to remain constant over the asset's service life.A. Straight Line Depreciation MethodB. Declining Balance Depreciation MethodC. Unit of Production Depreciation MethodD. All of the above

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1. The value deducted from the revenue stream, which usually has no obligation toward covering expenses is called: A. Royalty B. Operating Expenses C. Capital Investments D. Taxes

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1. The value deducted from the revenue stream, which usually has no obligation toward covering
expenses is called:
A. Royalty
B. Operating Expenses
C. Capital Investments
D. Тaxes
2.
.are those unaffected by changes in activity level of production over a feasible
range of operations for the capacity or capability available.
A. Variable Cos
B. Fixed Cost
C. Direct Cost
D. Sunk Cost
is appropriate when benefits to be received from an asset are expected
3.
to remain constant over the asset's service life.
A. Straight Line Depreciation Method
B. Declining Balance Depreciation Method
C. Unit of Production Depreciation Method
D. All of the above

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