The Management of Harper Corporation,a Manufacturing Company,has Provided the Following

question 118

Multiple Choice

The management of Harper Corporation,a manufacturing company,has provided the following financial data for December: The contribution margin for December was:

• A)$204,000
• B)$64,000
• C)$340,000
• D)$319,000

---

Definitions:

Dividends

A share of profits paid out to shareholders by a corporation, usually in cash or in the form of more shares.

Trading Securities

These are securities that a company holds primarily with the intention of trading them in the short term to profit from price fluctuations.

Fair Value

An estimate of the price at which an asset or liability could be bought or sold in an open market between willing parties.

Financial Statements

Comprehensive reports that present the financial performance, position, and cash flows of an entity over a specific period.