Which of the following statements concerning flexible spending accounts is false?
A)
They are also known as cafeteria plans.
B)
Unspent funds may be held over for subsequent years.
C)
Employees may voluntarily contribute pretax dollars to this account.
D)
Expenditures from the account are subject to IRS restrictions.
B
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The statement of owner's equity shows
A) only net income, beginning and ending capital B) only total assets, beginning and ending capital C) only net income, beginning capital, and withdrawals D) all the changes in the owner's capital as a result of net income, net loss, additional investments, and withdrawals
In a brief filed in Lea's suit against Mica in a state court, Neil, Lea's attorney, cites, Ole! Cafe v. Pan Foods Corp., an unpublished opinion. With respect to the persuasiveness of unpublished opinions, most states
A. allow their courts to consider such opinions. B. do not allow their courts to consider such opinions. C. impose certain hierarchical rankings. D. require their courts to consider such opinions.
Court-imposed affirmative action is:
a. common b. uncommon c. non-existent; all affirmative action is voluntary d. none of these
The contribution-margin ratio is calculated as unit contribution margin divided by the selling price per unit.
Answer the following statement true (T) or false (F)