List the core values of XP
The core values are
• Communication – ensure open and frequent and accurate and complete communication
• Simplicity – choose the simple solution and the simple approach
• Feedback – establish procedures to promote rapid feedback from users and other developers
• Courage – have the courage to do the right thing, even if there is a price to pay
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This year, Mr. and Mrs. Franklin paid $93,000 interest on a mortgage incurred in 2008 to build their home in Santa Fe. The average principal balance of the mortgage was $1.43 million. The home has an appraised FMV of only $1.2 million. Compute the Franklins' itemized deduction for their home mortgage interest.
A. $93,000 B. $65,035 C. $58,531 D. None of the above
Which of the following accounts should be closed to Income Summary at the end of the fiscal year?
A) Merchandise Inventory B) Accumulated Depreciation C) Drawing D) Cost of Merchandise Sold