Which of the Following Would Not Be an Example of a Fixed

question 78

Multiple Choice

Which of the following would not be an example of a fixed cost?

• A) glue used to put together tables
• B) insurance on factory building
• C) depreciation on factory building
• D) property taxes

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Definitions:

Consolidated Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows from both operating and investing activities of the parent company and its subsidiaries.

Investment Account

An account held by an individual or entity with a financial institution, primarily used for holding and trading securities, stocks, bonds, and other investments.

Percent Ownership

The proportion of a company's shares owned by an individual or entity, often expressed as a percentage of the total shares outstanding.

Adjusted Book Value

The net worth of a company calculated by adjusting assets and liabilities to their market values rather than their book values.