U.S. GAAP and IFRS require firms to recognize the cost of pension plans as an expense during the years as the employees receive the retirement benefits
Indicate whether the statement is true or false
F
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In an organization, a supervisor usually makes the final employee selection decision.
Answer the following statement true (T) or false (F)
The law uses the word veracity to describe the ability of a person to do a legally valid act.
Answer the following statement true (T) or false (F)
According to the US Civil Rights Act of 1991, a practice that is seemingly neutral can still be unlawful. Under what circumstances would that be true?
a. If the practice was more than 100 years old b. If the practice conflicted with laws in the Bill of Rights c. If the practice was inconsistently followed d. If the practice had a discriminatory impact
On October 27, Able Graphics received a $540 utility bill for the current month's electricity. It is not due until the end of the next month which is when the bill will be paid. Which of the following general journal entries will Able Graphics make on October 27 to record this transaction?
A.
| Cash | 540? | |
| Utilities Expense | 540? |
B.
| Utilities Expense | 540? | |
| Cash | 540? |
C.
| Utilities Expense | 540? | |
| Accounts Payable | 540? |
D.
| Accounts Payable | 540? | |
| Utilities Expense | 540? |
E.
| No journal entry is required | ||