In Most Accounting Information Systems, Costs Are Often Recorded and Coded

question 81

Multiple Choice

In most accounting information systems, costs are often recorded and coded so they can be summarized based on different:

• A) Cost drivers
• B) Cost objects
• C) Volumes of activity
• D) Independent variables

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Definitions:

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.

Net Income

The total profit or loss of a company after all revenues, costs, and expenses have been deducted, often referred to as the bottom line.

Earnings Per Share

A financial metric that shows the portion of a company's profit allocated to each outstanding share of common stock.

Stock Split

A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the market capitalization remains the same.