Michigan Builders License Questions And Answers (100% Pass)

Liam the contractor is doing some excavating work for his sister, and realizes too late that the angle of the slope of his excavation is greater than the angle of repose. The structure collapses, and his sister ends up hiring someone else. What should Liam have done differently - Answer️️ Installed a retaining wall to hold the slope back Match inflow and outflow of cash and place both in the same tax period - Answer️️ When it comes to comparing short term and long term income with the timeframe when costs and expenses were incurred, it would be best to If a contractors FUTA liability exceeds _________ then FUTA taxes are deposited quarterly - Answer️️ 500 A document which shows the financial position of a company for the year, also called a profit and loss statement is known as ____________ - Answer️️ Income Statement The Function of the balance sheet is to ________ - Answer️️ Show the financial condition of the business on a specific date The amount remaining after deducting direct and indirect costs from revenues is known as______ - Answer️️ Net Total Pro