Which of the Following Legal Concepts Comes into Play in This

question 54

Multiple Choice

Which of the following legal concepts comes into play in this case?

• A)transferred intent
• B)act of omission
• C)proximate cause
• D)constructive possession

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Definitions:

Fixed Selling Expense

refers to selling costs that do not vary with the volume of sales, including salaries of sales personnel and advertising expenses.

Variable Selling Expense

Variable selling expense refers to costs that fluctuate with the volume of sales, such as commissions and shipping charges.

Traditional Format Income Statement

A financial statement format that separates operating activities from non-operating activities to reveal gross profit, operating income, and net income.

Contribution Format Income Statement

An income statement format that separates variable and fixed costs, making it easier to see the contribution margin.