Finra Exam Series-7 Topic 6 Question 103 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 103
Topic #: 6

[All Series-7 Questions]

Which of the following is not an intangible drilling cost?

Asalaries

Bsupplies and fuel

Cmachinery and pipe

Drepairs

Show Suggested Answer

Suggested Answer: B

money spread. Since the strike prices are different, but not the expiration date, this is a money spread (sometimes called a ''price spread'' or a ''vertical spread'').

by Tarra at Nov 14, 2024, 12:26 AM

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Carri

1 months ago

This question is a real head-scratcher. I'm going to have to consult my crystal ball on this one. *rubs hands together* Ah yes, the answer is C!

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Belen

17 days ago

User 3: Actually, I consulted my crystal ball and it's C) machinery and pipe.

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Stephen

1 months ago

User 2: No, I believe it's D) repairs.

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Floyd

1 months ago

User 1: I think the answer is A) salaries.

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Cassi

2 months ago

Ooh, tricky one! I'm going to have to think this through carefully. Let me see... Ah, got it! C is the answer.

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Annett

2 days ago

That's right, intangible costs are things like salaries and supplies.

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Jodi

3 days ago

Yes, machinery and pipe are tangible costs.

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Justine

4 days ago

I think C is the answer too.

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Amos

5 days ago

D) repairs

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Ozell

13 days ago

C) machinery and pipe

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Veronika

1 months ago

B) supplies and fuel

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Larae

1 months ago

A) salaries

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Marsha

2 months ago

A, B, and D all seem like they could be intangible costs. I'm going to go with C for this one.

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Felicia

1 months ago

I agree, machinery and pipe are tangible costs.

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Maryln

1 months ago

I think C is the correct answer.

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Alpha

2 months ago

But salaries are considered intangible drilling costs because they are not physical items used in drilling.

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Chau

2 months ago

Hmm, I'm pretty sure C is the correct answer here. Machinery and pipe are definitely tangible drilling costs.

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Gilberto

17 days ago

So the correct answer must be C) machinery and pipe.

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Youlanda

18 days ago

Yeah, I agree. It's definitely not an intangible drilling cost.

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Ligia

21 days ago

I think you're right, C) machinery and pipe seems like a tangible cost.

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Yun

24 days ago

D) repairs

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Eliz

27 days ago

C) machinery and pipe

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Margart

1 months ago

B) supplies and fuel

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Sherell

2 months ago

A) salaries

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Gussie

2 months ago

I disagree, I believe the answer is A) salaries.

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Alpha

3 months ago

I think the answer is C) machinery and pipe.

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