Which of the Following Types of Accounts Show How Resources

question 64

Multiple Choice

Which of the following types of accounts show how resources came into a firm?

• A) Liabilities
• B) Owners' equity
• C) Assets
• D) Both liabilities and owners' equity

---

Definitions:

Traceable Fixed Costs

Costs that can be directly associated with a specific product, service, or department without any ambiguity.

Rubber Division

A business segment or department within a company that is responsible for the production and/or sales of rubber products.

Common Corporate Fixed Costs

Expenses incurred by a corporation that do not vary with the level of production or sales, and are shared across different segments or products of the company.

Contribution Margin

The difference between sales revenue and variable costs, which contributes to covering fixed costs and generating profit.