A Client in Another Province Needs Immediate Help in Solving

question 125

Short Answer

A client in another province needs immediate help in solving a personnel training problem in the shipping department.Match each activity on the basis of its relationship with this consulting engagement.Items may have multiple classifications.
A)Relevant Costs
B)Sunk, Irrelevant Costs
C)Opportunity, Irrelevant Costs
D)Opportunity Cost
E)Irrelevant Costs
F)Sunk Costs
-Last year the firm paid $4,000 to make improvements in its 5-year leasehold on its offices

• A)Relevant Costs
• B)Sunk, Irrelevant Costs
• C)Opportunity, Irrelevant Costs
• D)Opportunity Cost
• E)Irrelevant Costs
• F)Sunk Costs
• -Last year the firm paid $4,000 to make improvements in its 5-year leasehold on its offices

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Definitions:

Financial Reports

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and statements of cash flows.

Applicable Laws

The set of relevant laws and regulations that apply within the jurisdiction of a business operation or transaction.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to securities laws.

Sole Proprietorships

A rephrasing of proprietorship; a business structure where a single individual owns and runs the business, bearing all profits and responsibilities.