The Document That Lists the Total Cost for a Single

question 75

Multiple Choice

The document that lists the total cost for a single job is a

• A)job-order cost sheet.
• B)materials requisition form.
• C)time ticket.
• D)purchase order.
• E)none of these are correct.

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Definitions:

Consolidated Balance Sheet

A consolidated financial report that shows the assets, liabilities, and shareholders' equity of a parent company along with its subsidiaries as though they are one entity.

Inventory

The components, items in the process of completion, and completed products which form part of a company's assets that are available or will soon be available for sale.

Fair Value

The estimated price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.