The federal National Labor Relations Board is empowered to regulate the formation and operation of labor unions in most industries and businesses in the United States. Such a regulation is an example of a(n) ________
A) general government regulation
B) specific government regulation
C) cabinet-level regulation
D) zoning regulation
A
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Calhoun, Inc purchased equipment at the beginning of 2016 for $180,000 . Calhoun decided to depreciate the equipment over a 5-year period using the double-declining-balance method. Calhoun estimated the equipment's residual value at $30,000 . Which of the following statements is correct concerning Rose's financial statements at December 31, 2016?
a. The book value of the equipment is $108,000. b. The book value of the equipment is $72,000. c. The total accumulated depreciation is $90,000. d. Depreciation expense for 2016 is $60,000.
When a CPA is approached to perform an audit for the first time, the CPA should make inquiries of the predecessor auditor. This is a necessary procedure because the predecessor may be able to provide the successor with information that will assist the successor in determining:
A. whether, in the predecessor's opinion, the company's internal controls have been satisfactory. B. whether the engagement should be accepted. C. whether the predecessor's work should be utilized. D. whether, in the predecessor's opinion, the financial statements are materially correct.
________ purchases are much greater than ________ purchases, both in the quantity of items ordered and how much they cost
A) Business; consumer B) Organizational; institutional C) Online; offline D) Not-for-profit; for-profit E) Joint; derived
Betterments are a type of capital expenditure.
Answer the following statement true (T) or false (F)