Discuss the provisions regarding child labor under the Fair Labor Standards Act
The Fair Labor Standards Act does not prohibit all child labor; rather, it proscribes only "oppressive" child labor. The act prohibits the interstate shipment of goods from establishments employing oppressive child labor. It also prohibits oppressive child labor in any enterprise with two or more employees engaged in the production of goods for interstate commerce. The act defines oppressive child labor by using age restrictions and identifying hazardous occupations.
Employing minors under age eighteen in any occupation identified as hazardous by the secretary of labor is prohibited. Some of the occupations have been identified as hazardous by the secretary of labor, including the following:?
occupations involving operation of motor-driven hoisting apparatus;
occupations involving exposure to radioactive substances;
occupations of motor-vehicle operator or helper;
occupations involving operation of power-driven woodworking machines; and
occupations involving wrecking, demolition, and ship-breaking.
You might also like to view...
Which of the following facts would preclude a lessor from classifying a lease as a sales-type or direct financing lease?
A) The undiscounted sum of the minimum lease payments is 90% of the fair value of the leased property to the lessor. B) The collectability of the minimum lease payments is reasonably assured. C) The lease term is 90% of the estimated economic life of the leased property. D) No important uncertainties exist about non-reimbursable costs yet to be incurred by the lessor.
The fundamental value equation is _______
a. (Pricef – Valuef) > (Pricea-Valuea) b. (Valuef - Pricef) > (Pricea-Valuea) c. (Valuef - Pricef) > (Valuea - Pricea) d. (Valuef - Pricef) < (Pricea-Valuea)
Grimes Corporation reports the following cash transactions for the year ending December 31, Year 1, its first year of operation:1) Issued common stock for $35,0002) Borrowed $25,000 from a local bank3) Purchased land for $40,0004) Provided services to clients for $38,0005) Paid operating expenses of $30,5006) Paid $2,000 cash dividends to stockholdersRequired: a) What are the total assets for Grimes Corporation at December 31, Year 1?b) Prepare an income statement for Year 1.
What will be an ideal response?
Issues of fact are decided by the jury
a. True b. False Indicate whether the statement is true or false