Which of the Following Is Counted as a Liability for a Bank

question 63

Multiple Choice

Which of the following is counted as a liability for a bank?

• A)customer deposits
• B)bank reserves
• C)securities
• D)bank loans
• E)customer loyalty

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Definitions:

Direct Material Costs

Costs of raw materials or parts that directly go into producing products.

Weighted-Average Method

An inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.

Equivalent Units

A concept used in cost accounting to express the amount of work done on incomplete units in terms of fully completed units.

Finished Goods Inventory

Manufactured products that are complete and ready for sale.