1. Advocates promote absorption
costing because fixed manufacturing costs provide future benefits.
2. An accounts receivable subsidiary ledger (customers' subsidiary
ledger) includes a separate account for each customer who makes credit
purchases.
3. Average
costs affect the supply curve
and are a fundamental component of supply and demand.
4. Company will deduct that calls in arrears from total called up
capital for showing net paid up capital in balance sheet.
5. In
countries where the demand for home ownership is highest, strong domestic
markets for mortgages have developed.
6. Investors
in a mutual fund pay the fund’s expenses, which reduce the fund's returns/performance.
7. Licensing has been recognized as an independent branch
of law.
8. Monetary
policy might instead entail
the targeting of a specific exchange rate relative to some foreign currency or
else relative to gold.
9. Profitability is measured with income and expenses.
10. The holder
of a futures position can close out its contract obligations by taking the
opposite position on another futures contract on the same asset and
settlement date.