907. In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are

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inventoriable costs
finished costs
factory overhead costs
manufacturing overhead costs
✅ The correct answer is A.
In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are inventoriable costs. Inventoriable costs are included in the cost of a product. For a manufacturer, these costs include direct materials, direct labor, freight in, and manufacturing overhead.

890. Sunk costs are:

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relevant for decision making
Not relevant for decision making
cost to be incurred in future
future costs
✅ The correct answer is B.
Sunk costs are not relevant for decision making. A sunk cost is a cost that cannot be recovered or changed and is independent of any future costs a business may incur. Since decision-making only affects the future course of business, sunk costs should be irrelevant in the decision-making process.

79. All of the following are the methods of inventory costing except

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FIFO
LIFO
AVCO or average cost
Stock take
✅ The correct answer is D.
Stock take is not the methods of inventory costing. Stock-taking or “inventory checking” or “wall-to-wall” is the physical verification of the quantities and condition of items held in an inventory or warehouse. This may be done to provide an audit of existing stock. It is also the source of stock discrepancy information.

886. In independent projects evaluation, results of internal rate of return and net present value lead to

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cash flow decision
cost decision
same decisions
different decisions
✅ The correct answer is C.
In independent projects evaluation, results of internal rate of return and net present value lead to cost decision. An Independent Project Evaluation is the evaluation of an individual project designed to achieve specific objectives within specified resources, in an adopted time span and following an established plan of action, often within the framework of a broader programme.

884. What is the process of evaluating IT assets, their importance to the organization, and their susceptibility to threats, to measure the risk exposure of these assets?

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Risk management
Risk assessment
Security
None of the above
✅ The correct answer is B.
Risk assessment is the process of evaluating IT assets, their importance to the organization, and their susceptibility to threats, to measure the risk exposure of these assets. A risk assessment is the combined effort of: identifying and analyzing potential events that may negatively impact individuals, assets, and/or the environment; and making judgments “on the tolerability of the risk on the basis of a risk analysis” while considering influencing factors.

882. Procedure of finding present values in time value of money is classified as

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compounding
discounting
money value
stock value
✅ The correct answer is B.
Procedure of finding present values in time value of money is classified as discounting. Discounting is the process of determining the present value of a payment or a stream of payments that is to be received in the future. Given the time value of money, a dollar is worth more today than it would be worth tomorrow. Discounting is the primary factor used in pricing a stream of tomorrow’s cash flows.

879. Which of the following statement is true if the Net Present Value (NPV) of a positive?

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The IRR must be greater than 0.
The discount rate exceeds the cost of capital.
The profitability index equals 1
Accepting the project has an indeterminate effect on shareholders
✅ The correct answer is A.
The IRR must be greater than 0 is true if the Net Present Value (NPV) of a positive.