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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Marsha

10 days 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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Alpha

16 days ago

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

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Chau

17 days ago

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

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Gussie

20 days ago

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

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Alpha

24 days ago

I think the answer is C) machinery and pipe.

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