Answer the following statements true (T) or false (F)
Accounting theory includes the basic rules, definitions, and principles that underlie the drafting of accounting standards and how they are derived.
ANSWER: T
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Computer viruses usually spread throughout the system before being detected
Indicate whether the statement is true or false
In a compensation deal, the seller sells a plant, equipment, or technology to another country and agrees to accept as partial payment products manufactured with the supplied equipment
Indicate whether the statement is true or false
Atlanta Company sold equipment for cash. The income statement shows a gain on the sale of $1020. The net book value of the asset was $3810. Which of the following statements describes the cash effect of the transaction?
A) negative cash flow of $4830 for financing activities B) negative cash flow of $2790 for operating activities C) positive cash flow of $4830 from investing activities D) positive cash flow of $2790 from investing activities
The decision to exclude supervisors under the NLRA is controversial because:
A. Supervisors' interests are too closely aligned with those of other employees and this would make a union too powerful. B. Supervisors are routinely treated poorly when compared to other employees and need more, not less, protection. C. The NLRB does not define who qualifies as a "supervisor". D. Companies may intentionally give employees just enough responsibility to qualify them as supervisors so they will not have NLRA protection.