The loan department of a financial corporation makes loans to businesses. The costs of processing these loans are often several thousand dollars. All loans are initially evaluated using the same financial analysis software, but some require outside services such as appraisals and legal services. Which is the most appropriate costing system for the loan department?
A. Operation costing.
B. Process costing.
C. Job costing.
D. Batch costing.
Answer: A
You might also like to view...
Advertisements for products and services began appearing in American newspapers during the ________
A) early 1700s B) mid 1800s C) post-Civil War era D) early twentieth century E) Great Depression
The staff interpretations statements issued by the SEC are called:
a. Staff Accounting Research Bulletins. b. Statements on Accounting Principles. c. Financial Accounting Standards. d. Staff Accounting Bulletins
The owner of the premises where a property is mislaid is entitled to take possession of the property against all except the rightful owner
Indicate whether the statement is true or false
What is another name for "professional liability insurance?"
A) product liability insurance B) business interruption insurance C) errors and omissions insurance D) fidelity insurance E) public liability insurance