Costs of Determining Whether Defects Exist Are Called

question 7

Multiple Choice

Costs of determining whether defects exist are called:

• A) appraisal costs.
• B) external failure costs.
• C) internal failure costs.
• D) prevention costs.
• E) defects costs.

Understand the basic patterns and stages of prenatal development.

Recognize the factors influencing fetal development and birth outcomes.

Identify the major structures and processes involved in early human development.

Distinguish between the prenatal developmental periods (germinal, embryonic, fetal).

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Definitions:

Pre-closing Trial Balance

A listing of all active ledger accounts and their balances after adjusting entries are made but before closing entries, to verify the equality of debits and credits.

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.

Dividends Account

An account used in bookkeeping that tracks dividends declared by a company to be paid out to its shareholders.

Temporary Account

An account used to collect balances over an accounting period that are then transferred to a permanent account.