Type 3 Allocations Are Cost That Flow from _____

question 52

Multiple Choice

Type 3 allocations are cost that flow from _____.

• A)one organizational unit to another
• B)the accounting system to an organizational unit
• C)one organizational unit to the product
• D)the product to the customer

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Definitions:

Negotiable Instrument

A document in writing that promises to pay a specified sum of money, either upon request or at an agreed-upon date, with the document specifying the individual responsible for payment.

Enforceable Contract

A legal agreement that is valid and can be upheld in court.

Negotiable Instruments

Financial instruments that are transferable from one party to another, typically including checks, promissory notes, and bills of exchange.

Checks

Checks are written, dated, and signed instruments that direct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.