Cost-Volume-Profit Analysis Relies on Analysis of Fixed and Variable Costs

question 21

True/False

Cost-volume-profit analysis relies on analysis of fixed and variable costs.

---

Definitions:

Unrealised Gain

Profit that has been made on paper due to an increase in the value of an asset but has not yet been realized through a transaction.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset over its useful life, reducing its book value on the balance sheet.

Parent Entity

A company that holds a controlling interest in another company or companies, usually through majority ownership of shares.