An employer's insistence that the union agree to the interest arbitration clause as a condition of the employer signing the collective bargaining agreement amounts to a violation of Section 8(d).?
Indicate whether the statement is true or false
False
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Which of the following statements is true regarding vertical analysis?
a. Common-size financial statements can be used to compare businesses of different sizes. b. Vertical analysis can only be used with balance sheet accounts. c. Vertical analysis can only be used with income statement accounts. d. Vertical analysis can only be used with retained earnings accounts.
On July 1, 2019, Montana Company has bonds with balances as shown below.
If the company retires the bonds for $71,150, what will be the effect on the income statement?
A) loss on retirement of $4750
B) gain on retirement of $4750
C) sales revenue of $66,400
D) no effect on net income
Which of the following is most likely to be found in state laws regarding payment of dividends?
a. Dividends may be paid from legal capital. b. Retained earnings are available for dividends unless restricted by contract or by statute. c. Unrealized capital is available for any type of dividend. d. Capital from donated assets is available for dividends.
Which one of the following statements is TRUE?
A. When lenders protect themselves from the risk of asset switching, the firm's WACC can increase. B. An example of an agency cost is when the board of directors pays a dividend to shareholders. C. An example of an agency cost is when an attorney hires an expert witness for a trial. D. An example of asset switching is an option to exchange one piece of real estate for another. E. Lenders can't legally prevent a firm from engaging in asset switching.