Which of the Following Is NOT a Subaccount of the Current

question 57

Multiple Choice

Which of the following is NOT a subaccount of the current account?

• A) Trade balance
• B) Services balance
• C) Income balance
• D) Financial account
• E) Net transfers

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Definitions:

Indirect Costs

Expenses not directly tied to the production of goods or services, such as overhead costs for administration, facilities, and security.

Cost Object

Anything for which a separate measurement of costs is desired, such as products, services, projects, or departments.

Variable Costs

Expenses that fluctuate with the level of production or sales volume, such as raw materials and direct labor.

Direct Costs

Expenses that can be directly traced to the production of a specific good or service, such as raw materials and direct labor.