If your employment history includes less than ____ positions, limit your resume to a single page.
A. two
B. three
C. four
D. five
Answer: B
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What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the first-in, first-out inventory costing method are used?
Nichols Company had the following balances and transactions during 2018:
A) $5,740
B) $51,000
C) $39,100
D) $24,600
Which of the following is/are not true?
a. U.S. GAAP and IFRS require firms to recognize the cost of retirement benefits (pensions, health care, life insurance) as an expense while employees work, not when they receive payments or other benefits during retirement. b. Employers often contribute cash to a trust, an entity legally separate from the employer, to fund their retirement obligations. c. The accounting records of the trust established to fund the retirement obligations are consolidated with the accounting records of the employer. d. Payments to employees come from both the employer's contributions and investment returns of the trust established to fund the retirement obligations. e. all of the above
In the “Entrepreneurship in Action” case study, what source did they enlist to design the new safety product?
a. safety engineers b. helmet manufacturers c. professional cyclists d. their college professors
The board of directors cannot declare dividends when the corporation:
a. is insolvent. b. is merging with another corporation. c. is the subject of a takeover bid. d. issues new stock.