Chapter 8

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Across
  1. 3. Claims that outsiders have against a firm’s assets
  2. 5. Resources that are used up as a result of business operations
  3. 6. Varies directly with the level of production
  4. 7. Incurred directly as a result of some specific cost object
  5. 8. Result of a firm’s general operations and is not directly tied to any specific cost object
  6. 10. Arises when a firm uses owner-supplied resources
Down
  1. 1. Resources owned by a firm
  2. 2. Remains the same when the level of production changes within some relevant range
  3. 4. Increases in assets that result from activities intended to earn income
  4. 9. Claims that a firm’s owners have against their company’s assets