Which of the Following Would Not Be Characterized as a Cost

question 68

Multiple Choice

Which of the following would not be characterized as a cost object?

• A) An automobile manufactured by General Motors.
• B) The New York Fire Department.
• C) A Burger King restaurant located in Cleveland, Ohio.
• D) A Delta Airlines flight from Atlanta to Miami.
• E) All of these are examples of cost objects.

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Definitions:

Deed

A legal document representing the ownership and boundaries of property, often used to transfer real estate between parties.

Implied Trusts

An imposed legal arrangement created by a court with the notion that parties acted as though a trust existed, despite not formally establishing one.

Courts

Judicial institutions authorized by the government to adjudicate disputes, interpret laws, and administer justice in legal cases.

Totten Trust

A form of revocable trust created by depositing funds in a bank account in the depositor's name as trustee for another, transferring the funds to the beneficiary upon the depositor's death.