A black and a white employee committed the same offense. The black employee was disciplined but not fired, the white employee was fired. The Supreme Court held that this treatment was:
a. legal under Title VII
b. proper, since under Title VII minorities may be given preferential treatment
c. proper if the employer had an affirmative action program to favor black employees
d. proper since whites are not protected by Title VII and, therefore, cannot claim protection e. none of the other choices
e
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Which of the following is not a cost-based pricing method?
A) Target costing B) Time and materials pricing C) Return on assets pricing D) Gross margin pricing
Which of the following is true regarding the provisions of International Accounting Standard No. 39, "Financial Instruments: Recognition and Measurement (amended 2005)?
a. IAS No. 39 applies only to financial assets. b. IAS No. 39 applies only to financial liabilities. c. IAS No. 39 applies only to accounting for derivatives and loans and receivables. d. IAS No. 39 applies to both financial assets and financial liabilities.
Which of the following do not apply to unearned revenues?
A. Amounts to be received in the future from customers for delivery of products or services in the current period. B. Gift cards are an example. C. May also be called deferred revenues. D. Amounts received in advance from customers for future delivery of products or services. E. Result from prepayments for concert tickets.
Cash paid to stockholders as a dividend is classified in which section of the statement of cash flows?
A) Operating B) Investing C) Financing D) Noncash