When specialized journals are used, the general journal is not necessary
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False
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A company purchases 800 shares of its $50 par value common stock at $55 per share. It then reissues 120 shares at $58 per share. The entry upon reissue of the stock is :
A) Cash 6,960 Treasury Stock-Common 6,600Paid-in Capital, Treasury Stock 360 B) Cash 6,960 Treasury Stock-Common 6,960 C) Cash 6,960 Paid-in Capital, Treasury Stock 6,96 D) Cash 6,960 Treasury Stock-Common 6,000Retained Earnings 960
Bill, a Hispanic, gets 55 points on an exam and gets promoted based on the results of the exam while Sam, a white male in the same company, gets 62 points on the same exam and does not get promoted. What illegal activity might have occurred?
A. Reasonable accommodation B. Race-norming C. Undue hardship D. Disparate impact E. Top-hat management
Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $533,500. The 2018 budgeted income statement shows expected net income of $112,000. The company expects to declare dividends during 2018 amounting to $40,000. The expected balance in retained earnings on the 2018 budgeted balance sheet is:
A. $493,500. B. $605,500. C. $685,500. D. $645,500. E. $533,500.
Employers do not expect people to bring their consciences to work with them
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