Which of the Following Is Not an Internal Event

question 86

Multiple Choice

Which of the following is not an internal event?

• A) Depreciation
• B) Using raw materials in the production process
• C) Dividend declaration and subsequent payment
• D) All of these are internal transactions.

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Definitions:

Standard Quantity (SQ)

Standard Quantity refers to the amount of materials or inputs that should be used in the production of a good or service under normal efficiency conditions.

Actual Quantity (AQ)

The true or real amount of materials, labor, or overhead used in the production process.

Standard Price (SP)

A predetermined cost that companies expect to pay for materials, labor, and other costs under normal conditions.

Task Analysis

A method of breaking down a task into its constituent elements to understand its structure, processes, and necessary skills.