MATCHING Match the Following Terms

question 10

Multiple Choice

MATCHING
Match the following terms:
-A bathroom consisting of only a toilet and a lavatory.

• A)Fixture group
• B)Test plug
• C)Test ball
• D)Bicycle pump
• E)Waste arm
• F)Half bathroom
• G)Rough
• H)Test cap

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Definitions:

Allocate Expenses

The process of assigning costs to specific cost centers or accounts based on their usage or benefit received.

Royalties

Payments made to the owners of intellectual property, such as patents, copyrights, and trademarks, usually based on a percentage of revenue generated from their use.

Schedule K-1

Schedule K-1 is a tax form used in the United States to report an individual's share of income, deductions, and credits from partnerships, S corporations, or trusts.

Schedule C

A tax form used by sole proprietors to report profit or loss from a business, detailing income, expenses, and net profit.