Which of the Following Industries Is Most Likely to NOT

question 14

Multiple Choice

Which of the following industries is most likely to NOT use a job-order costing system?

• A) Construction
• B) Chemicals
• C) Aircraft
• D) Printing

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Definitions:

Consolidated Financial Statements

Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries into one document.

Double Counting

A statistical or accounting error where a transaction or value is counted more than once, skewing results.

Parent

A company that controls or owns another company or companies.

Subsidiary

A company that is completely or partially owned and controlled by another company, known as the parent company.