Benefits paid to employees out of work through no fault of their own and who are available for suitable work if and when it becomes available falls under the category of:?
A) ?unemployment compensation
B) ?workers' compensation.
C) ?welfare benefits.
D) ?pension plans.
A
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Which of the following is the correct order of subtotals that appear on a multi-step income statement?
A) Operating income, Gross profit, Net income B) Gross profit, Net sales revenue, Net income C) Net income, Operating income, Net income D) Gross profit, Operating income, Net income
Stock options are best suited to motivate day-to-day effort or to attract and retain top individual performers.
Answer the following statement true (T) or false (F)
Developing uniqueness that is not valuable is:
A. the result of having brand-loyal customers become more sensitive to prices. B. an essential feature of a differentiation strategy. C. a potential pitfall of a differentiation strategy. D. a necessary evil of a cost-leadership strategy.
On January 2, 2012, Golden Corporation sold $800,000 of bonds for $785,000. The bonds will mature in 10 years and pay interest annually on December 31. Golden properly recorded the payment of interest and amortization of the discount using the effective interest method. Which of the following statements is true about the carrying value of the bonds and/or the unamortized discount at the end of
2012? A) The carrying value will be less than $785,000. B) The carrying value will be $785,000. C) The carrying value will be greater than $785,000. D) The unamortized premium will be more than $15,000.