Which of the following statements regarding the Emergency Unemployment Compensation (EUC) program is true?
A) EUC benefits are limited to individuals who have exhausted regular state benefits and have annual incomes below the federal poverty level.
B) EUC benefits are funded entirely by the federal government.
C) EUC benefits are limited to employees who have lost their job because of a labor dispute.
D) EUC benefits are available on a case-by-case based and awarded at the discretion of the Secretary of Labor.
Answer: B
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The impairment loss for an asset that a company intends to hold and use is the difference between the
A) asset's book value and its lower fair value. B) asset's book value and its fair value. C) present value of discounted cash flows and the book value. D) asset's fair value and the present value of the discounted cash flows.
On January 1, 2019, Outdoor Services issued $20,000 of 8% bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year.
Provide the journal entry for the payment made on June 30, 2019. Omit explanation.
Which of the following is NOT a substitute for leadership?
a. characteristics of the task b. characteristics of the leader–follower relationship c. characteristics of the organization d. characteristics of the subordinates
Which of the following is the most important goal of insurance regulation?
A) Limiting the number of insurance companies in the state B) Promoting the solvency of insurance companies C) Mandating that all citizens purchase auto insurance and health insurance D) Approving the contractual language of insurance policies sold in the state