Which of the following would be considered a committed fixed cost ( a cost that is incurred regardless of the level of activity during the period)?
a. depreciation expense
b. bad debt expense
c. advertising expense
d. cost of goods sold
C
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Davis Construction Inc Davis Construction began operation on January 1, 2012, with an initial investment of $100,000 from each of its three stockholders. During the year ending 2012 Davis Construction had net income of $125,000 and paid dividends of $50,000. Refer to the information provided for Davis Construction, Inc The dividends for the year:
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