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lawyer [7]
2 years ago
13

Consider the following comments about absorption- and variable-costing income statements:

Business
1 answer:
Lostsunrise [7]2 years ago
7 0

Answer:

E) I, II, and III.

Explanation:

Variable costing can be regarded as a concept of managerial accounting cost

whereby during the period of producing the product there is incurred

manufacturing overhead.

Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.

It should be noted that

I. A variable-costing income statement discloses a firm's contribution margin.

II. Cost of goods sold on an absorption-costing income statement includes fixed costs.

III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.

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Answer:

Instructions are listed below

Explanation:

Giving the following information:

She has a choice of receiving a payment of $160,000 immediately or of receiving deferred perpetuity with $10,000 annual payments, the first payment occurring in exactly four years.

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First, we need to determine the value of the perpetuity four years from now.

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If vince charged $200 on his credit card with 18% apr and he paid his balance in full within the grace period, how much is the f
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Answer:

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