Kari, a real estate agent, assures Linc that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Linc buys the property and then discovers that the street has no more traffic than any other in its vicinity. Linc is most likely a victim of
A) opinion
B) fraud.
C) mistake.
D) nothing.
B
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Overhead costs:
A. Are always variable costs. B. Cannot be traced to cost objects in a cost-effective manner, but are instead allocated to cost objects. C. Are only incurred by manufacturing companies. D. Cannot be allocated to cost objects.
In accounting for a long-term construction contract for which there is a projected profit, the balance in the Construction in Progress account at the end of the first year of work using the percentage-of-completion method would be
a. zero. b. the same as the completed-contract method. c. higher than the completed-contract method. d. lower than the completed-contract method.
Which of the following is a quick asset?
a. inventory b. copyrights c. machinery d. cash e. cost of goods sold
Which of the following activities is typically NOT included with an assessment center?
A. in-basket exercises B. succession planning C. leaderless group discussions D. role plays E. None of the above-all are typically included.