Select the Appropriate Classification of the Output Generated by Each

question 206

Multiple Choice

Select the appropriate classification of the output generated by each of the following industries.
-Medical clinic

• A)Tangible
• B)Intangible

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Definitions:

Transfer Prices

Prices set for the sale of goods and services between controlled or related legal entities within an enterprise.

Market Price Approach

The market price approach is a method used to value assets based on the current market price of similar or identical assets.

Transfer Price

The price at which goods and services are transferred between departments or subsidiaries of the same company.

Cost Price Approach

A pricing methodology where the selling price of a product is determined by adding a markup to its total cost of production or acquisition.