The taxpayer generally has only 1 year to replace involuntarily converted property in order to postpone the recognition of gain
a. True
b. False
Indicate whether the statement is true or false
False
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When a notes receivable is outstanding at the end of an accounting period, ________.
A) no adjusting entry is needed B) the revenue recognition principle requires that earnings from the note be recorded in the year the cash is received C) the total interest on the note should be recorded in an adjusting entry D) the interest revenue earned on the note up to year-end is part of that year's earnings
Stock appreciation rights give the employee compensation at a future date, based on the market price at the date of exercise in excess of a pre-established dollar market
Indicate whether the statement is true or false
In order to claim damages for negligence per se, the plaintiff has to prove that ________
A) the defendant was in exclusive control of the situation B) the plaintiff was within a class of persons meant to be protected by the violated statute C) the defendant made a false representation of material fact D) the plaintiff was affected by malicious statements made by the defendant about his or her character
Answer the following statements true (T) or false (F)
1. One of the main goals of U.S. labor relations law is to give workers the freedom to negotiate individual contracts with their employers. 2. Mandatory bargaining items include wages, hours and the terms and conditions of employment. 3. A union and employer can agree to terms that directly contradict existing legal requirements as long as they are both willing parties to the agreement. 4. Employers and unions can bargain over permissive items if they choose, but since they are outside the boundaries of the NLRA, the NLRB cannot order bargaining on these issues. 5. If a union proposes changes to a permissive bargaining issue, the employer must show a good faith effort to consider the proposal.