Expenses expired costs - Study guides, Class notes & Summaries

cost the amount of cash or cash equivalent sacrificed for goods and/or services that are expected to bring a current or future benefit to the organization expenses expired costs price revenue per unit cost object any item such as a product, customer, department, project, geographic region, plan, and so on, for which costs are measured and assigned accumulating costs the way that costs are measured and recorded. tells the company what was spent assigning costs the way that a cost i...

PTCB EXAM TEST BANK QUESTIONS AND ANSWERS LATEST WITH RATIONALE Multiple choice What is the route of administration for a prescription with the following directions: "i supp pr q 6 hr prn"? A. Orally B. Rectally C. Urethrally D. Vaginall {{Correct Ans- B. Rectally Rationale: "pr" means per rectum. What is the meaning of PDA? A. Personal digital aid B. Personal digital assistant C. Physician digital assistant D. Pharmaceutical data assistant {{Correct Ans- B. Personal dig...

A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - $55,000 A national company desires a parcel of land which must be four times the size of its proposed building. If the building design includes 20,000 square feet .... - B) 2 acres A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the .... Acco...

What are 4 main financial statements : Statement of operations Balance sheet Statement of retained earnings Statement of comprehensive income What is the accrual basis of accounting? : Every business transaction is recorded in the accounting period (or periods) to which it belongs. Revenue and expenses are matched to the appropriate accounting period. What is the difference between a fiscal year and a calendar year? : Fiscal = any 12 month period Calendar = Jan-Dec What are 5 basic...

Accounting 2401 Final Exam Study Guide ACCOUNTING 2401 FINAL EXAM STUDY GUIDE   Accounting 2401 Final Exam Study Guide Multiple Choice (2.5 points each) 1. During 2014, Parker Enterprises generated revenues of $90,000. The company’s expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Parker’s gross profit is a. $24,000. b. $27,000. c. $45,000. d. $90,000. 2. During 2014, Parker Ente...

Florida Laws/Rules 2024 Exam Test Questions With 100% Correct Answers Experiment chiro on humans - Answer -full/formal written consent hrs. needed for for risk mgt. for lic. renew - Answer -3 admin fine paid----days amd corrective action taken within----- - Answer -30/45 Lic. not pd. the biennial lic. fee. When does lic. expire - Answer -Imediately after the biennial lic. period If you do not renew your Lic. within 2 yrs. - Answer -It immediately becomes deliquent Action take...

Texas Real Estate Principles 1 Exam Questions And Answers 100% Guaranteed Pass. There are seven sources of law in the United States, What would be an example of them? - AnswerLocal zoning laws, FHA/VA regulations, court decisions Laws passed by Congress and various other various state legislatures may - AnswerAuthorize agencies to pass rules and regulations to enforce the provisions of law The legal concept of precedent - AnswerGrew out of common law Constitutional provisions - AnswerEst...

Wise Practice test Questions and Answers 100% Pass Debbie owns a clothing store. She is concerned that a customer who is injured in the store will sue. Which type of insurance should Debbie purchase? - Liability insurance Richard's auto insurance policy expired on 5/15/2002. Richard was upset with his insurance agent and decided to change insurance companies. At 10:00 a.m. on 5/16/2002, as he drove to a different agent to buy a new policy, he had an accident. Who is liable for damage to...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 Debbie owns a clothing store. She is concerned that a customer who is injured in the store will sue. Which type of insurance should Debbie purchase? Liability insurance Richard's auto insurance policy expired on 5/15/2002. Richard was upset with his insurance agent and decided to change insurance companies. At 10:00 a.m. on 5/16/2002, as he drove to a different agent to buy a new policy, he had an accident. Who is liab...

Circular 230 - Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - The release of tax information by an IRS employee. Due Diligence - Requirements that tax professionals must follow when preparing income tax returns. Noncompliance - Failure or refusal to comply with the tax code. Privilege - Protection from being required to disclose confidential communications between two parties, suc...