Which of the Following Items Are Considered Alimony

question 31

Multiple Choice

Which of the following items are considered alimony?

• A)Payments made on a piece of property transferred to the ex-spouse under the settlement agreement.
• B)Noncash property settlement.
• C)Payments made to a third party on behalf of the former spouse for the former spouse's dental expenses.
• D)Payments made for a six month period after the death of the recipient spouse.

---

Definitions:

Job-Order Costing System

A cost accounting system that assigns costs to specific batches or job orders, making it easier to track the cost of producing each item or batch.

Overapplied

Occurs when the allocated manufacturing costs exceed the actual manufacturing costs incurred.

Underapplied

Refers to a situation where the allocated or applied costs in an accounting period are less than the actual costs incurred.

Cost of Goods Sold

Represents the total expense incurred from creating or acquiring the goods that a business sells during a period, crucial for evaluating profitability.