Which independent administrative agency regulates working conditions in privately owned factories and other work places?
a. Office of Safety and Health Administration (OSHA)
b. Federal Trade Commission (FTC)
c. Environmental Protection Agency (EPA)
d. Federal Communications Commission (FCC)
a
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Adjustments at the end of the fiscal period do not need to be journalized and posted if a work sheet has been prepared
Indicate whether the statement is true or false
Ford and its network of independent franchised dealers is an example of a ________
A) manufacturer-sponsored retailer franchise system B) manufacturer-sponsored wholesaler franchise system C) service-firm-sponsored retailer franchise system D) service-firm-sponsored equity strategic alliance E) manufacturer-and-service-sponsored joint venture
The lower-of-cost-or-market basis for inventory valuation is a conservative accounting policy because
a. it recognizes losses from decreases in market value before the firm sells goods. b. it does not record gains from increases in market value before a sale takes place. c. it reports inventories on the balance sheet at amounts that are never greater, but may be less than acquisition cost. d. all of the above e. none of the above
Attachment gives the creditor an enforceable security interest in the collateral
Indicate whether the statement is true or false