Identify the Event Below Where Information Associated with the Event

question 14

Multiple Choice

Identify the event below where information associated with the event most likely will need to be retained for years.

• A)The actual cost associated with repairing a customer's car.
• B)The employee who answered a customer service phone call.
• C)The amount of cash received from issuing stock.
• D)A list of services offered by the company as of the start of a fiscal year.

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Definitions:

Average Fixed Cost

Fixed production costs (expenses unaffected by output levels) divided over the produced output quantity.

Total Revenue

The overall amount of money generated by a business from its sales activities before any costs or expenses are subtracted.

Flight Attendants

Airline employees responsible for ensuring the safety, security, and comfort of passengers during flight.

Revenues

The entire sum of proceeds a company receives from transactions or services conducted over a specified period.