Common Fixed Expenses for Higgins Corporation for June Were

question 156

Multiple Choice

Common fixed expenses for Higgins Corporation for June were:

• A)$45,000
• B)$420,000
• C)$150,000
• D)$105,000

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Definitions:

Interest

A charge for borrowed money, generally a percentage of the borrowed amount.

Dividends

Dividends are portions of a company's earnings paid to shareholders as a distribution of profits.

Non-Operating Activities

Transactions and events that are not related to the primary operations of a business, such as investment income or losses from the sale of assets.

Asset Disposals

The process of getting rid of an asset through sale, trade, or removal, often because it's obsolete, no longer needed, or to gain cash.