Which of the Following Is Consistent with Generally Accepted Accounting

question 60

Multiple Choice

Which of the following is consistent with generally accepted accounting principles?

• A)Absorption cost approach
• B)Variable cost-plus approach
• C)Variable-cost approach
• D)Both absorption cost and variable cost-plus approach

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Definitions:

Diuril

A trade name for the medication chlorothiazide, a diuretic drug used to treat high blood pressure and fluid retention.

Lasix

A brand name for furosemide, a medication used to treat fluid retention (edema) and swelling caused by congestive heart failure, liver disease, kidney disease, and other medical conditions.

Detrol

A medication used to treat symptoms of an overactive bladder, such as frequent or urgent urination.

Tofranil

A brand name for imipramine, a medication used to treat depression and sometimes enuresis (bedwetting) in children.