Salvage value is not the same as
a. carrying value.
b. residual value.
c. disposal value.
d. scrap value.
A
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The corporate officers elect the board of directors
Indicate whether the statement is true or false
Under a job order system of cost accounting, Cost of Goods Sold is debited and Finished Goods is credited for a:
a. Transfer of materials to the factory. b. Shipment of completed goods to the customer. c. Transfer of completed production to the finished goods storeroom. d. Purchase of goods on account.
Which of the following statutes provides that it is legal for employees to organize?
A) The Norris-LaGuardia Act B) The National Labor Relations Act C) The Labor-Management Relations Act D) The Worker Adjustment and Retraining Notification Act E) The Labor-Management Reporting and Disclosure Act
Satisfaction of an accord discharges ________.
A. only the accord B. only the original contract C. both the accord and the original contract D. neither the accord nor the original contract if it is without a novation