The after-tax average cost of the funds used by company in long run is equal to __________?
A. weighted average cost of capital
B. economic value added
C. after-tax operating income
D. net income
Accounting MCQs with Answers
An economic value added method is specific type of method to calculate _____________?
A. net income
B. nominal income
C. residual income
D. residual investment
The rupee amount for required return of investment is subtracted from income to calculate _____________?
A. net income
B. after tax income
C. residual income
D. operating income
The formal information systems, used in organizations to focus company’s learning and attention, given to the most important strategic issues are known as ____________?
A. interactive control system
B. belief systems
C. boundary systems
D. diagnostic control systems
The total available assets are subtracted from idle assets to calculate
A. market equity
B. total assets employed
C. total assets available
D. stockholders’ equity
The costing system, which is a combination of process costing and job costing system, is classified as __________?
A. weighted costing system
B. average costing system
C. hybrid costing system
D. double costing system
The hybrid costing system, which is applied to batches of similar products, but are not identical is classified as ____________?
A. incremental costing system
B. split off costing system
C. inventoriable costing system
D. operation costing system
The standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as __________?
A. conversion process
B. operation
C. hybridization
D. both a and b
In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?
A. partial inventory costing method
B. current period inventory method
C. Last-in, first-out method
D. First-in, first-out method
The first step in process costing system is to ___________?
A. summarize flow of output
B. compute output in units
C. summarize total costs
D. compute cost for each equivalent unit
