What class of organization is actually legally required to have an affirmative action plan?
a. public universities
b. religious institutions
c. federal contractors and subcontractors
d. the federal judiciary
c. federal contractors and subcontractors
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Costs that can be reasonably associated with specific revenues but NOT with specific products should be
a. charged to expense in the period incurred. b. allocated to specific products based on the best estimate of the production processing time. c. expensed in the period in which the related revenue is recognized. d. capitalized and then amortized over a period not to exceed 60 months.
Colin signs a note “payable to the order of Debit Bank.” The bank indorses the note in blank and negotiates it to Equity Funds, which sells it to Financial Investments. Liability associated with the transfer of the note from Equity to Financial is
A. none of the choices. B. contractual. C. signature. D. warranty.
What is Web 3.0, and how do you think Web 3.0 developments could impact businesses?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Long-term investments can include land held for future expansion. 2. Intangible assets are assets that are long-term, have physical form, and are used to produce or sell products and services. 3. Current liabilities include accounts receivable, unearned revenues, and salaries payable. 4. Cash and office supplies are both classified as current assets. 5. Plant assets are usually listed in order from most liquid to least liquid.