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Indicate whether the statement is true or false
True
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Use the information presented below for Farley River, Inc for 2015 and 2014 to answer the questions that follow. Farley River uses the straight-line depreciation method. 2015 2014 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for
Farley River, Inc Between 2014 and 2015, Farley River sold some equipment that had an original cost of $57,500 . Which statement is most likely true concerning transactions that must have occurred during the period? a. Farley River also purchased additional equipment during the year. b. The selling price of the equipment sold was reported with net sales. c. The equipment that was sold had a book value of $12,500. d. The equipment sold had not been reported with Farley River's property, plant and equipment.
In a well-controlled petty cash fund, the amount of cash minus the amount of expenditure vouchers should be equal to the original amount in the petty cash fund
Indicate whether the statement is true or false
The Glass Ceiling Act
A. never made it out of congressional committee. B. was declared unconstitutional by the U.S. Supreme Court. C. protects only white females. D. created the Glass Ceiling Commission.
The Uniformed Services Employment and Reemployment Rights Act (USERRA) requires that:
a. all persons returning from military service must be reemployed b. employers must attempt to reinstate persons returning from military service into the positions that they would have attained absent service, including any promotions c. employers continue to provide at least partial pay to employees serving in the military for up to 24 months d. all of the above e. none of the above