An Example of a Direct Cost for a Service Provided

question 89

Multiple Choice

An example of a direct cost for a service provided by an accounting firm,such as a tax return,would be:

• A)depreciation on computer system.
• B)labor of staff accountant who prepared the return.
• C)labor of file clerk who filed copies of return.
• D)rent on the office.

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Definitions:

Dissolution Procedures

The legal process involved in dissolving a corporation or partnership, including winding up business affairs, liquidating assets, and distributing proceeds to shareholders or partners.

Aggressor

A person, group, or nation that initiates hostilities or conflict without provocation.

Voting Shares

Voting shares are shares of stock in a company that grant the shareholder the right to vote on corporate matters, such as electing the board of directors.

Grassroots Corporation

A business organization that is founded and operated by ordinary people or community members, often focusing on local or social causes.