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Fundamentals Of Accounting MCQs

Option A: $240,000.00

Option B: $320,000

Option C: $210,000

Option D: $420,000

Correct Answer: $420,000


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Option A: $80

Option B: $65

Option C: $7

Option D: $35

Correct Answer: $80


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Option A: $220,000

Option B: $232,000

Option C: $250,000

Option D: $25,000

Correct Answer: $250,000


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Option A: relevant range

Option B: irrelevant range

Option C: cause range

Option D: effective range

Correct Answer: relevant range


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Option A: manufacturing sector companies

Option B: merchandising sector companies

Option C: service sector companies

Option D: raw material companies

Correct Answer: manufacturing sector companies


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Option A: food processing companies

Option B: automotive companies

Option C: distribution companies

Option D: advertising agencies

Correct Answer: distribution companies


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Option A: distribution companies

Option B: textile companies

Option C: retailing companies

Option D: internet service providers

Correct Answer: textile companies


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Option A: $40

Option B: $20

Option C: $60

Option D: $80

Correct Answer: $20


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Option A: cellular phone producers

Option B: mutual fund companies

Option C: radio stations

Option D: wholesalers

Correct Answer: mutual fund companies


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Option A: manufacturing sector companies

Option B: merchandising sector companies

Option C: service sector companies

Option D: raw material companies

Correct Answer: service sector companies


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Option A: service sector companies

Option B: raw material companies

Option C: manufacturing sector companies

Option D: merchandising sector companies

Correct Answer: merchandising sector companies


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Option A: finished goods inventory

Option B: indirect material inventory

Option C: direct materials inventory

Option D: work in process inventory

Correct Answer: direct materials inventory


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Option A: per unit cost

Option B: total cost

Option C: total indirect cost

Option D: total effective cost

Correct Answer: per unit cost


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Option A: direct materials inventory

Option B: work in process inventory

Option C: finished goods inventory

Option D: indirect material inventory

Correct Answer: indirect material inventory


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