The purchase of a property that included land,building,and related improvements is called a lump-sum or basket purchase.

What is Marino's return on assets?

A) 240%
B) 12%
C) 5%
D) 42%

Parties feel better about a settlement when negotiations involve a(n)

A) immediate settlement.
B) single round of concessions.
C) progression of concessions.
D) fait accompli.
E) All of the above.

If you will not be able to meet an assignment deadline due to unforeseen family issues, it is best to

A) turn in the assignment whenever you finish it.
B) explain the situation to your instructor before the deadline and ask to be granted an extension.
C) have your parent or guardian call the instructor to explain the situation for you.
D) skip the assignment and ask for extra credit at a later date.

Name 3 (three)reasons why a job for a customer might be pending.

An understatement of ending inventory results in an overstatement of net income.