• 2022-06-03
    Which
    of the following is an example of a fixed cost for an airline?( )
    A: Depreciation on the corporate headquarters.
    B: Fuel costs.
    C: Income taxes expense.
    D: Passengers' meals.
  • A

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    • 0

      The operating expense section of an income statement for a wholesaler would not include A: freight-out. B: utilities expense. C: cost of goods sold. D: insurance expense.

    • 1

      A firm that shuts down temporarily has to pay A: its variable costs but not its fixed costs. B: its fixed costs but not its variable costs. C: both its variable costs and its fixed costs. D: neither its variable costs nor its fixed costs.

    • 2

      Which of the following accounts is not closed? A: Accumulated Depreciation B: Interest Revenue C: Depreciation Expense D: Dividends

    • 3

      Which of the following is not a selling expense? A: Advertising expense. B: Office salaries expense. C: Freight-out. D: Store supplies consumed.

    • 4

      Which of the following items is included in the adjustment of net income to obtain cash flow from operating activities? ( ) A: Depreciation expense for the period. B: dividend C: The amount by which equity income recognized exceeds cash received. D: The change in deferred taxes.