A Product Line Refers to

question 149

Multiple Choice

A product line refers to

• A) a product and all its ancillary services (warranties, financing, etc.).
• B) the variations within a product class.
• C) a specific product SKU that has a unique brand, size, or price.
• D) a group of product or service items that are closely related in terms of needs satisfied, uses, customer group, outlets, or price range.
• E) the entire product category or industry.

Grasp the concept of recognizing gains or losses on the sale of investment securities.

Identify the methods of accounting for stock investments and their impact on financial statements.

Understand the treatment of dividends and interest revenue in investment accounting.

Comprehend the criteria and rationale for using different accounting methods for investments.