Examples of Assets Are

question 45

Multiple Choice

Examples of assets are:

• A) cash and accounts receivable.
• B) cash and revenue.
• C) cash and rent expense.
• D) investments by the owner and revenue.

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Definitions:

Operating Income

Earnings from a company's core business operations, excluding expenses and revenues from non-operational activities like investment income.

Absorption Costing

A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Manufacturing Margin

The difference between the sales revenue of manufactured goods and the direct costs associated with producing them.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, used to cover fixed costs and generate profit.