Which of the following is not a requirement of the Drug-Free Workplace Act of 1988 imposed on all companies that do more than $25,000 worth of business with the federal government?
a. publish a policy that substance abuse in the workplace is prohibited
b. notify employees that the employer must be notified of drug-related convictions that occur in the workplace, and the government must be informed of such
c. establish a drug-awareness program for employees
d. specify what actions will be taken against employees who violate company drug policies e. all of the other choices are required
e
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While reconciling the checking account, an accountant with Sonic Corporation noticed that an error had been made in recording a check received by the company. Sonic recorded the receipt as $729 and the correct amount of the check was $279 . What reconciling adjustment is required?
a. Add $450 to the company's book balance b. Deduct $450 from the company's book balance c. Add $450 to the bank statement balance d. Deduct $450 from the bank statement balance
Assume that the balance of accounts payable does not change during a period. When preparing a statement of cash flows, an increase in ending inventory over beginning inventory will result in an adjustment to net income under the indirect approach because
A) the amount of cost of goods sold is equal to the amount of cash paid for purchases. B) consumed inventory is an expense but not a use of funds. C) the amount of cost of goods sold on an accrual basis is less than the amount of cash paid for purchases of inventory. D) the amount of cash paid for purchases of inventory is less than the amount of cost of goods sold on an accrual basis.
A(n) __________ is an agreement by a lender to replace a construction loan with a permanent loan, usually after certain conditions, such as the timely completion of the project, have been met
a. substitution agreement b. interim agreement c. development commitment d. take-out commitment
You have access to your home page on a server. By accident, you discover that if you hit a certain key, you can get into someone else's files. You spend just a few minutes looking around. This is hacking
Indicate whether the statement is true or false.