Which of the Following Is Least Likely to Be a Reason

question 90

Multiple Choice

Which of the following is least likely to be a reason for allocating support department costs?

• A) For internal reporting purposes
• B) To motivate managers
• C) To assist in strategic or operating decisions
• D) For financial statements prepared according to GAAP

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Definitions:

Two Jobs

Working for two distinct employers at the same time, often to increase income through additional work.

Wages

Payments made to employees for services rendered, typically calculated on an hourly, daily, or piecework basis, and subject to income tax.

Self-Employment Tax

A tax primarily for individuals who work for themselves, covering Social Security and Medicare taxes.

Sole Proprietor

An individual who owns and operates a business alone, assuming complete responsibility for all assets and liabilities.