Question: A fixed cost is: An income statement account that does not change with sales. An income statement account that changes with sales only if management

A fixed cost is:
An income statement account that does not change with sales.
An income statement account that changes with sales only if management takes a specific action.
A balance sheet account that does not change with sales.
A balance sheet account that changes with sales only if management takes a specific action.
A fixed cost is: An income statement account that does not

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

A discretionary account is: Group of answer choices A. An income statement account that does not change with sales when management takes a specific action. B. An income statement account that does...

Q:

A variable cost is: An income statement account that changes with sales without specific management action. An income statement account that changes with sales when management takes a specific...

Q:

Project The financial statement analysis project is due on Sunday, May 1, 2022. Here are some steps to follow for success: 1. Click on Weekly Lessons. 2. Scroll down and Click on Project 3. Click on...

Q:

1. Which of the following would be the most appropriate test of management's occurrence assertion related to revenue? A. Match sales subsidiary journal entries with related COGS journal entries. B....

Q:

can you solve the maths which are provided in doc file Question 1 Manufacturing Cost Schedule and Income Statement (10marks). This question relates to learning material and objectives from Online...

Q:

A spontaneous account is: O A. An income statement account that changes with sales without specific management action. O B. An income statement account that changes with sales when management takes a...

Q:

Read the articleU.S. Tax and FASB's New Paradigm for Revenue Recognition, then answer the following question: How have the recent revenue recognition standards affected the book/tax accounting? In...

Q:

MEET THECOMPANY Deluxe Spa Products Incorporated, a privately owned business, was founded five years ago by Jack Abbott. On February 1,2000 the company, which had been a lifelong dream of Jack...

Q:

please help on all parts and can you show me how you did it? im so lost!! plz help is this better?? please still answer now??? Absorption Statement Absorption costine does not distinguish between...

Q:

I have 6 assignment about accounting capstone class. Its just and one project but its 6 assignment. Here is the document Assignment 1 It might be difficult for you to imagine yourself in a...

Q:

Take $K=50, S=$52, the values of u=1.05 , d=0.95 , no dividends,r-hat = gross interest factor = 1.025 per binomial period as given - and compute a) the VALUE of the American Put today if the Option...

Q:

When a pin of mass 0.1 g is dropped from a height of 1 m, 0.05% of its energy is converted into a sound pulse with a duration of 0.1 s. (a) Estimate the range at which the dropped pin can be heard if...

Q:

When did the Colorado River cut most of the modern - day Grand Canyon? beginning in the Late Permian Period ( about 2 6 0 million years ago ) beginning in the Late Cretaceous Period ( about 7 0 m...

Q:

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...