Community Recycling, Inc., plans to lay off fifty of its five hundred workers, including Bev. Bev has a right to continued health-care coverage under Community's group plan unless

A. Community changes its insurer.
B. Community completely cancels its plan.
C. Bev files a suit against Community for wrongful discharge.
D. Community decides not to pay Bev's premium.


Answer: B

Business

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Answer the following statements true (T) or false (F)

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The cumulative effect on prior years' earnings of a change in accounting principle should be reported separately as an adjustment to retained earnings for the earliest period presented for all of the following changes except

a. completed-contract method of accounting for long-term construction-type contracts to the percentage-of-completion method. b. percentage-of-completion method of accounting for long-term construction-type contracts to the completed-contract method. c. FIFO method of inventory pricing to LIFO method. d. LIFO method of inventory pricing to the weighted-average method.

Business

Costs other than direct materials cost and direct labor cost incurred in the manufacturing process are classified as factory overhead cost

Indicate whether the statement is true or false

Business

Possessive personal pronouns are possessive _____ that modify nouns

Fill in the blank(s) with correct word

Business