The Edgewater startup retains a professional advisor for this purpose: outside CPA will prepare tax returns. Which establishment record is most relevant?
Correct Answer
D) professional service engagement
Startup advisor relationships should be documented for accounting, legal, insurance, and business support.
Why This Is the Correct Answer
Startup advisor relationships should be documented for accounting, legal, insurance, and business support.
Why the Other Options Are Wrong
Option A: daily report log banking setup log
daily report log banking setup log puts the item in the wrong financial bucket, timing, base, or comparison for advisor setup.
Option B: tool checkout sheet tax registration packet
tool checkout sheet tax registration packet puts the item in the wrong financial bucket, timing, base, or comparison for advisor setup.
Option C: permit inspection card ownership review memo
permit inspection card ownership review memo puts the item in the wrong financial bucket, timing, base, or comparison for advisor setup.
Memory Technique
Startup and relationships point to different ledger roads for Owner Organizes.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Professional advisor setup; CPA, legal, and insurance records; verify the startup duty, registration, or financial setup before answering.
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