973. Characteristic of corporation that it can continue its work even owners are decreased can be classified as

By Administrator / August 24, 2025

limited life

unlimited life

corporate life

deceased partnership

✅ The correct answer is B.
Characteristic of corporation that it can continue its work even owners are decreased can be classified as unlimited life.

972. “Calculate the prime cost from the following information: Direct material purchased: Rs. 1,00,000. Direct material consumed: Rs. 90,000. Direct labour: Rs. 60,000. Direct expenses: Rs. 20,000. Manufacturing overheads: Rs. 30,000.”

974. A right which controls and prevents transfer from current stockholders to other new stockholders is considered as

1. If direct material cost is $5500 and prime cost is $25000, then direct manufacturing labour would be

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2. LIFO method of pricing of materials is more suitable when _________.

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