Any Item of Personal Property to Be Sold with the Real

question 65

True/False

Any item of personal property to be sold with the real estate must be handled with a bill of sale.

---

Definitions:

Sunk Cost

Costs that have already been incurred and cannot be recovered, which should not affect future business decisions.

Indirect Cost

A cost that cannot be easily and conveniently traced to a specified cost object.

Cost Of Goods Sold

The total cost directly associated with producing the goods sold by a company, including materials and labor.

Manufactured

Refers to the state of having been made from raw materials through a process of production in a factory.