The spiral model starts as a small project that spawns other small projects as it moves forward through a spiral iteration. Which of the following is NOT one of the iteration steps?

Ashley Company paid $150,000, plus a 6% commission and $4,000 in closing costs for a property. The property included land appraised at $87,500, land improvements appraised at $35,000, and a building appraised at $52,500. What should be the allocation of this property's costs in the company's accounting records?

A) Land $75,000; Land Improvements, $30,000; Building, $45,000. B) Land $75,000; Land Improvements, $30,800; Building, $46,200. C) Land $81,500; Land Improvements, $32,600; Building, $48,900. D) Land $79,500; Land Improvements, $32,600; Building, $47,700. E) Land $87,500; Land Improvements; $35,000; Building; $52,500.

The Bank of North America:

a. was the first incorporated bank in the United States b. was patterned after the Central Bank of England c. was established to assist in financing the Civil War d. all the above e. none of the above