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AICPA Exam CPA-Business Topic 3 Question 89 Discussion
Actual exam question for
AICPA's
CPA-Business exam
Question #: 89
Topic #: 3
[All CPA-Business Questions]
Topic #: 3
Which of the following actions may be taken by a corporation's board of directors without stockholder approval?
Suggested Answer:
D
Choice 'd' is correct. Shipping costs (which are selling costs) would not be considered a carrying cost associated with inventory.
Choices 'a', 'b', and 'c' are incorrect. Each of the following would be considered a carrying cost associated with inventory.
A Insurance costs.
B Cost of capital invested in the inventory.
C Cost of obsolescence.
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