A Palm City material supplier last furnished materials 95 days ago. What claim-of-lien status should be shown?
Correct Answer
D) too late to record
Claim-of-lien recording should be checked against the final-furnishing timing rule.
Why This Is the Correct Answer
Claim-of-lien recording should be checked against the final-furnishing timing rule.
Why the Other Options Are Wrong
Option A: permit active compliance status file
permit active compliance status file puts the item in the wrong financial bucket, timing, base, or comparison for claim of lien status.
Option B: tax paid regulatory calendar entry
tax paid regulatory calendar entry puts the item in the wrong financial bucket, timing, base, or comparison for claim of lien status.
Option C: citation served statutory review note
citation served statutory review note puts the item in the wrong financial bucket, timing, base, or comparison for claim of lien status.
Memory Technique
Supplier Reviews money test: bucket before math for claim of lien.
Reference Hint
Open-book path: tab Florida Statutes Chapter 713 to Section 713.08, Claim of Lien recording period; verify the Florida rule, deadline, or compliance record before answering.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?
People Also Study
Related Study Resources
Previous Question
A Fort Lauderdale contractor had beginning receivables of $110,000, ending receivables of $130,000, and annual credit sales of $1,440,000. What accounts receivable turnover results?
Next Question
A Eagle Lake customer account has unpaid approved invoices of $48,500. Company policy requires review when unpaid invoices exceed $60,000. What status applies?