100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TN Contractors License questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating $7.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Commercial Construction
  4.  
  5. Commercial Construction

Exam (elaborations)

TN Contractors License questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
 13 views  1 purchase
  • Course
  • Commercial Construction
  • Institution
  • Commercial Construction

TN Contractors License questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

Preview 1 out of 2  pages

Document information

  • August 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • Commercial Construction
  • Commercial Construction

Seller

avatar-seller
AnswersCOM

Reviews received

Content preview

TN Contractors License
Accounting Cycle Steps - ANS-1. Analyze business transactions
2. Journalize the transactions
3. Post to ledger accounts
4. Prepare a trial balance
5. Journalize and post adjusting entries
6. Prepare an adjusted trial balance
7. Prepare financial statements
8. Journalize and post closing entries
9. Prepare a post-closing trial balance

At-Will Employees - ANS-Employer or employee can terminate employment at any time

Bookkeeping - ANS-Recording of finacial transactions

Builders Risk Insurance - ANS-Insurance coverage for construction project in process

Business Owners Policy (BOP) - ANS-A policy that combines property, liability and business
interruption coverage for small- to medium-sized businesses.

Business Plan - ANS-Cover Page, Executive Summary, Company Summary, Products/Services,
market analysis, market strategy, finanicial plan

C Corporation - ANS-The most common type of corporation, which is a legal business entity that
offers limited liability to all of its owners, who are called stockholders

COBRA - ANS-Consolidated Omnibus Budget Reconciliation Act

Commercial General Liability Insurance - ANS-Insurance coverage for bodily damage, loss of
property of others, personal injury, and advertising

Contractors License - ANS-Needed for those doing work over $25,000 - includes subs in MEP

Entrepreneur - ANS-A person who starts up and takes on the risk of a business

Equipment floater policy - ANS-Direct loss coverage for equipment onsite and in transit

Fair Labor Standards Act (FLSA) - ANS-Federal law that establishes a minimum wage and
requirements for overtime pay and child labor

Form I-9 - ANS-Employment Eligibility Verification - Legal Resident

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99  1x  sold
  • (0)
  Add to cart