- Money earned and money spent are accounted for in the year they are received or
paid, respectively. - Answer✔️✔️-In the Cash Method
The Itemized Summary is the basis for: - Answer✔️✔️-A complete and accurate
estimate of project costs and lists all major items of work in the order they are to be
performed.
A major difference between the EIN and the BIN is: - Answer✔️✔️-One is federal
and one is state
Poor construction and storage practices can result in _________________ inside
the structure walls. - Answer✔️✔️-Molds and fungus
Builders now must use corrosion-resistance flashing in these specified locations,
except: - Answer✔️✔️-Surrounding all interior bedroom doors.
Compliance with environmental regulations can protect a contractor from:
- All of these are correct
- Private party lawsuits
- Criminal and civil penalties
- Liability claims - Answer✔️✔️-- All of these are correct
4
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