Use the information from Scenario 6.1 to determine the expected cost of operating a small facility for a period of two years
A) $1,102,500
B) $1,005,500
C) $502,500
D) $2,205,000
Answer: B
Business
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The accountant of Delta, Inc. failed to make an adjusting entry to record $6,000 of unearned service revenue that has now been earned. Assume the deferred revenue was initially recorded as a liability. Which of the following statements is true?
A) The total revenue will be overstated. B) The total revenue will be understated. C) The total expenses will be overstated. D) The total expenses will be understated.
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A buyer would be protected from risk of loss due to a failed heating system through:
A. an agency disclosure statement B. a home protection plan C. mortgage insurance D. title insurance
Business