For each of the following items identify whether it is spoilage,reworked units,or scrap.
Definitions:
Floatation Costs
The costs that a company incurs when it issues new securities, including underwriting fees, legal fees, and registration fees.
Disposable Income
The amount of money that households have available for spending and saving after income taxes have been accounted for.
Personal Income
The total amount of income received by individuals from all sources, including wages, dividends, interest, and government transfers, before any deductions.
Net Taxes
The difference between taxes paid to the government and transfer payments received from the government.
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