Select the suitable concept to match the appropriate definition.
1.Sacrifice of resources.
2.Cost that cannot be directly related to a cost object.
3.Cost that varies with the volume of activity.
4.Cost used to compute inventory value according to GAAP.
5.Cost charged against revenue in a particular accounting period.
6.Cost that can be directly related to a cost object.
7.Past, present, or near-future cash flow.
8.Lost benefit from the best forgone alternative.
9.Cost that can more easily be attributed to time intervals.
10.Cost that does not vary with the volume of activity.
11.Cost that is part of inventory.

Options:
(A) Cost
(B) Direct Cost
(C) Expense
(D) Fixed Cost
(E) Full absorption Cost
(F) Indirect Cost
(G) Opportunity Cost
(H) Outlay Cost
(I) Period Cost
(J) Product Cost
(K) Variable Cost

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.