Which of the Following May Be Considered Compensation for Investment

question 3

Multiple Choice

Which of the following may be considered compensation for investment planning?
I.Commissions
II.Cruises
III.Fees
IV.Tickets to a sporting event

• A)I,III.
• B)II,IV.
• C)I,II,IV.
• D)I,II,III,IV.

---

Definitions:

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.

Finished Goods Inventory

Products that have been manufactured and are ready for sale, but have not yet been sold to customers.

Goods In Process Inventory

The value of materials, labor, and overhead costs for products that are partially completed in the manufacturing process.