Matching Select the Appropriate Cost Behavior for Each of the Costs

question 182

Multiple Choice

Matching
Select the appropriate cost behavior for each of the costs listed below.
-controller's salary

• A)variable
• B)fixed

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Definitions:

Total Assets

The sum of all resources owned by an entity, including cash, investments, equipment, and property, as recorded on the balance sheet.

Accounts

Accounts generally refer to the records of financial transactions and positions related to assets, liabilities, equity, revenues, and expenses.

Balances

The amounts remaining in various accounts, such as bank accounts or ledger accounts, at a certain point in time.

December 31

December 31 typically refers to the last day of the year in the Gregorian calendar, often associated with year-end financial statements and tax considerations.