Which of the following would NOT be considered as part of the cost of a constructed building?
A) Building permit fees
B) Contractor charges
C) Realtor commissions
D) Architectural fees
C) Realtor commissions
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In reconciling a bank statement, the bank balance is $2,100, and the checkbook balance is $2,001. Which of the following is the most probable reason for the bank balance being larger than the book balance?
A) There are outstanding checks. B) The bank has deducted certain amounts for bank service charges. C) A deposit in transit was made at the end of the month. D) The company erroneously recorded a check for an amount less than the actual amount.
CLR Inc is a clothing manufacturer. Recently, CLR made and produced about 2,000 shirts. During the production process, some of the shirts did not have the required number of buttons sewed on. CLR has decided to rework the shirts to add the buttons. These rework costs would most likely be classified as which type of quality cost?
A) Internal failure costs B) Appraisal (detection) costs C) Prevention costs D) External failure costs
List the five reasons why firms need to grow.
What will be an ideal response?
A liquidation must be reported to the Internal Revenue Service on Form 966
A. whether the shareholders' realized gain is recognized or not. B. by the shareholders. C. within 60 days of the adoption of a plan of liquidation. D. that is filed with the national IRS office.