Which of the Following Is the Least Likely to Be

question 35

Multiple Choice

Which of the following is the least likely to be a consideration in a resource utilization decision?

• A) Shelf space
• B) Direct labor hours
• C) Machine time
• D) Fixed costs

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Definitions:

Retained Earnings Statement

A financial statement that summarizes the changes in retained earnings for a specific period.

Income Statement

A financial statement that provides a summary of a company’s revenues, expenses, and profits/losses over a specified period.

Stock Dividends Distributable

Shares to be issued to shareholders as part of a stock dividend, representing a portion of earnings not paid out as cash dividends.

Current Liabilities

Obligations or debts that a company must pay within a year from the date of the balance sheet.