John owns a shoe-shine business.His accountant most likely includes which of the following costs on his financial statements?
A) wages John could earn washing windows
B) dividends John's money was earning in the stock market before John sold his stock and bought a shoe-shine booth
C) the cost of shoe polish
D) Both b and c are correct.
Correct Answer:
Verified
Q110: Which of the following is an example
Q111: A difference between explicit and implicit costs
Q116: Dolores used to work as a high
Q117: Dolores used to work as a high
Q146: Which of the following statements is correct?
A)Assuming
Q512: Which of the following is an example
Q518: An example of an explicit cost of
Q521: Accounting profit is equal to
A)marginal revenue minus
Q527: Economic profit
A)will never exceed accounting profit.
B)is most
Q529: Which of the following expressions is correct?
A)accounting
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents