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Finra Series-7 Exam - Topic 6 Question 103 Discussion

Which of the following is not an intangible drilling cost?
B) supplies and fuel
A) salaries
C) machinery and pipe
D) repairs

Finra Series-7 Exam - 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?

Show Suggested Answer Hide 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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Chantay
9 months ago
I thought repairs were tangible too, this is confusing!
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Sharen
9 months ago
Salaries are usually classified as intangible drilling costs.
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Sherron
10 months ago
Wait, are repairs really considered intangible?
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Rashad
10 months ago
I agree, machinery and pipe are tangible assets.
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Telma
10 months ago
Supplies and fuel are definitely not intangible costs.
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Adelaide
10 months ago
I recall that salaries are definitely part of intangible costs, so I guess that rules out A. But I'm still unsure about B and D.
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Tawny
10 months ago
I feel like I saw a similar question where repairs were classified differently. I think D might be the right answer, but I’m not completely confident.
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Amber
11 months ago
I remember studying that supplies and fuel can sometimes be considered intangible, but I'm not entirely sure. Could it be B?
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Jacob
11 months ago
I think intangible drilling costs are mostly related to labor and services, so I'm leaning towards C, machinery and pipe, as that seems like a tangible asset.
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Gertude
11 months ago
Ah, I remember learning about this in class. Machinery and pipe are definitely tangible, so that's the answer that's not an intangible drilling cost.
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Marge
11 months ago
I'm a bit unsure about this one. I'll have to review my notes on the different types of drilling costs to make sure I get this right.
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Noble
11 months ago
I'm confident that machinery and pipe are not considered intangible drilling costs. That's gotta be the answer.
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Dorthy
11 months ago
Okay, let me see... intangible drilling costs are things like salaries, supplies, and repairs, right? I'm pretty sure machinery and pipe are tangible.
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Chau
11 months ago
Hmm, this seems like a tricky one. I'll need to think through the definition of intangible drilling costs carefully.
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Carri
1 year 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
1 year ago
User 3: Actually, I consulted my crystal ball and it's C) machinery and pipe.
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Stephen
1 year ago
User 2: No, I believe it's D) repairs.
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Floyd
1 year ago
User 1: I think the answer is A) salaries.
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Cassi
1 year 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
1 year ago
That's right, intangible costs are things like salaries and supplies.
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Jodi
1 year ago
Yes, machinery and pipe are tangible costs.
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Justine
1 year ago
I think C is the answer too.
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Amos
1 year ago
D) repairs
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Ozell
1 year ago
C) machinery and pipe
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Veronika
1 year ago
B) supplies and fuel
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Larae
1 year ago
A) salaries
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Marsha
1 year 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 year ago
I agree, machinery and pipe are tangible costs.
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Maryln
1 year ago
I think C is the correct answer.
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Alpha
1 year ago
But salaries are considered intangible drilling costs because they are not physical items used in drilling.
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Chau
1 year 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
1 year ago
So the correct answer must be C) machinery and pipe.
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Youlanda
1 year ago
Yeah, I agree. It's definitely not an intangible drilling cost.
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Ligia
1 year ago
I think you're right, C) machinery and pipe seems like a tangible cost.
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Yun
1 year ago
D) repairs
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Eliz
1 year ago
C) machinery and pipe
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Margart
1 year ago
B) supplies and fuel
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Sherell
1 year ago
A) salaries
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Gussie
1 year ago
I disagree, I believe the answer is A) salaries.
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Alpha
1 year ago
I think the answer is C) machinery and pipe.
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