Which of the following accounts is not included in the asset section of the balance sheet?

A. Supplies.
B. Wages expense.
C. Furniture.
D. Buildings.
E. Land.


Answer: B

Business

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The percent-of-sales method would not result in very accurate financials if used for a tourism company.

Indicate whether the statement is true or false.

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Which of the following is an aid used to monitor jobs in progress?

A) a Gantt load chart B) the assignment method C) a Gantt schedule chart D) Johnson's rule E) a Gantt progress chart

Business

A contract is a mere promise between two or more persons who have the capacity to contract

Indicate whether the statement is true or false

Business

A tax levied on the property of the deceased after it is transferred to the beneficiary is

A) an estate tax. B) an inheritance tax. C) a gift tax. D) an excise tax.

Business