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Stewart Company is attempting to classify costs according to their cost behavior. Data concerning activity and costs are listed below:
-The cost(s) that Stewart Company would classify as fixed would be:
Revenue
Revenue generated by a corporation through its commercial operations, usually from offering products and services to its clientele.
Net Income
The company’s earnings remaining after total revenue has been adjusted for expenses, taxes, and other charges.
Liabilities
The financial obligations or debts a company owes to others.
Owner's Equity
The residual interest in the assets of a entity after deducting liabilities, representing what the owners own outright.
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