The Payment Made to an Owner of a Resource in Excess

question 64

Multiple Choice

The payment made to an owner of a resource in excess of the opportunity cost of the resource is

• A)economic rent
• B)economic profit
• C)wages
• D)interest
• E)opportunity cost

Calculate and analyze cash flow from operations using both the direct and indirect methods.

Recognize and prepare noncash investing and financing activities.

Determine the impact of various transactions on cash flows from financing and investing activities.

Utilize financial information to calculate cash flow ratios and evaluate company performance.

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